At 1031 Capital Solutions, we have daily conversations with landlords contemplating selling their rental properties, many of which are single-family homes or small multi-unit residences.

Stanley - I would suggest that you go have 3-5 conversations with lenders and understand how much they are willing to lend to you given your financial situation.

If you're pulling a permit already for plumbing changes, just get the permit for the room conversions at the same time.

Advice on Layout/Design: For those who have added ADUs, do you recommend standalone units, garage conversions, or a combination of both?

Conversely, don't invest in a deal you really like if it's run by a subpar sponsor. 

If you're not careful, the administrative requirements can trip you up—but when done right, the savings can be well worth the effort.For those of us scaling our portfolios or actively managing real estate deals, the conversation about structure isn’t just theoretical—it directly impacts how we protect our wealth and position ourselves for long-term growth.What I’ve found is that many investors don’t realize how critical their personal credit is in setting up these entities successfully and accessing the funding they need to operate and grow.

Just wanted to revive this conversation: Any recommendations on one versus the other? 

I have lengthy conversations when tenants move in about letting us know immediately if there is a clog, to stop using the plumbing if things are leaking, that they will be responsible.

I try to have my renters meet each other or at least have a phone conversation to make sure they're compatible, but even then, you just never know if they will be.

Along with this conversation, are there certain contracts to use with mobile homes?