It’s also worth connecting with a property manager and contractor early, even if you don’t need them right away.

Retrieve important documents: Request copies of all records and documents, including security deposits.

A property is worth what a willing seller will take from a willing buyer.Is it possible to buy a property in San Diego low enough to get 1% from it, yes.

It is probably worth your time to connect with BOTH @John Warren and myself since we are both managing brokers, but John is more focused on property management and I am more focused on general contracting, but we are both Chicago investors as well.Oak Park and Lawndale are definitely two different markets.

Asking $600k and worth about $500k. 

A new site for NH foreclosure auctions just launched called Bid Pirate, worth investigating.

But keep in ind that financing will be more expensive and tougher to find and investing 200k does not mean that ADU will be worth 200k.

Here is the scenerio:3-unit investment property worth $2m.

Not an easy thing, but saving 20% or more on the cost of a new home seems well worth the time and effort if you ask me.

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.