You are considering putting a tiny home on your existing property as an ADU or using that money to save up and buy the next investment property and wondering which would be the wiser choice.I think ADUs can help provide additional, much needed, housing.

Could the seller provide you with a note for the down payment and you pay him back?

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

Can you provide guidance on how to get started and some effective strategies?

Can you provide a link or reference?

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

Also consider networking with investors active in those areas who can provide insight on what’s working.

You fill out an application, provide proof of income, credit report, list assets, list liabilities, and so on.  

Then the inspector will provide a pass or a list of items that you need to repair.7. the inspector will decide what the rental rate will be for your unit. 

I don't want to waste anyone's time providing quote after quote for me for the properties I am merely in the analysis stage with.