Her husband is also a GC who can help build additional units as needed if you get something that can fit an ADU.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Then they'll charge an additional $2,400 for filing tax returns. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Additionally, where do you research if an area has a good rental pool? 

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Are you looking to do additional projects like this in other cities/states?

I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals. 

This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.