There are so many great strategies to help you scale your portfolio, so I understand your desire to find the right plan and avoid mistakes.

However, after he saw the quantity of ADU applications come across his desk to plan check he went out and started his own consulting company.

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

But if you lay out your plan to the owner over the phone, it's very hard to get a "yes" because trust is developed with a face to face meeting.Trust can be established by talking about your past record (as an investor) but also if you have something positive about yourself (profession - real estate agent, nurse, teacher, fireman, doctor - any profession that can give you some added credentials).#4 Owner vs.

A profit-sharing plan tied to retention and income is a great idea.

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

Houfy now has a damage protection plan that costs the guests $5 a night and does light identity screening through SuperHog. 

Quote from @Michael Smythe: @Felicia Jenkins the shorter the term of the lease and the more tenants there are, the more challenges you'll face - especially if you plan to manage remotely.Who will be your boots on the ground, do showings, maintenance, etc.?

I don’t plan on putting any % down right now at least.

We never planned to keep our new build for 30 years, which is why we would have never used your cap ex valuation.