I'm not underestimating the work and unique set of challenges that come with it by any means.

They call it a tribe, a family, or something similar, giving people the sense they belong to something special—often creating a tight-knit environment that makes it harder to question what’s really being offered.So, what’s the takeaway?

It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

Because they’re ideal for creating comfortable and functional shared living spaces.5.

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

This can give you a clearer picture of which route is more profitable long-term.Final Thoughts: Given the location and your dad’s construction expertise, holding onto the property and adding an ADU could create a strong cash-flowing asset and increase the property’s value.

Real estate helped me reach my simple goal: create cash flow for today and secure a comfortable retirement for later.

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

We started late in life but it's pretty amazing to look back and see what we have created in a short period. 1st stream of income Retirement pay !

Inadvertently the property owner creates an adversarial relationship with tenants.