I’m trying to get a feel for how much more income it would generate compared to LTR or MTR.4.

@Steven CatudalWhat was the prior valuation compared to what you paid for it?

Most people don’t think it’s a good strategy, and I tend to agree.That being said, the problem with your message is that it’s filled with BS mumbo jumbo because you’re afraid to be straight-forward about what you’re doing.

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Consider a market that you visit often, have family in, went to college at, spent time in the past.You will have a better sense of what the good / bad parts of town are compared to a city you never visited.Best of Luck!

Columbus has some solid fundamentals like job growth, population growth, and entry prices that still make sense compared to rents.

Then your heirs can inherit your position and keep it going every 10 years.....etc....as compared to the MIN which is due in 30 years.For example here are a few recent CRE deferred sales trust deals:- Owner who sold a $34M apartment complex and moved his funds into a Deferred Sales Trust. - $18M Business Sales of Veterinarians who sold multiple practices in Virginia and Indiana.Another example, was for a couple who sold their primary residence for $26M in Newport Beach defer $6M in capital gains tax.

As a 3rd-party real estate consultant that has no skin in the game other than what I charge, I provide exactly what you've described—unbiased, no-nonsense, and straightforward advice.

The smaller new builds still go for a pretty penny in my area and it's not affordable compared to what else is out there.