In December 2024, 67.9% of homes sold below the asking price, indicating potential opportunities for buyers to negotiate.

I've had a couple OOS investors ask about ADU potential in our market... not sure what hurdles there might be with the city (permitting, zoning, or otherwise).

But this is really your first touchpoint with potential guests who are scrolling the endless options of airbnb, vrbo, etc.

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Seems like a property that isn't going to appreciate rapidly so cashflow will be vital to its investment potential.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

Tariffs on goods and potential reduced labor force (illegals being deported) to build.I can't see changes in S8 benefits.

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

.- Managing Multiple Projects Simultaneously: Handling numerous properties at different renovation stages requires effective project tracking, milestone-based contractor payments, and solid contingency plans to navigate potential delays.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.

In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!