We invested $20,350 in strategic renovations to enhance the property's appeal and market value.

Aligning decisions with financial goals, risk tolerance, and lifestyle preferences is crucial.Good luck!

It's not quite a passive as the RE world makes it out to be (we self manage our own properties)... but it is a very nice lifestyle.  

Dozier's lifestyle.

@Erwin McClain how will software go beyond enhancing your DIY management skills and actually replace a PMC?

All the responses greatly enhanced my understanding on a subject of interest.

tend to believe everyone is motivated by money; people who are lifestyle motivated think everyone is motivated by the least amount of time expended; people who are risk adverse can’t believe other people are willing to “bet” on outcomes even when the odds are clearly in their favor. 80% of the time (IMO) people who make decisions we disagree with are not making stupid, ill informed decisions or being “tricked”; they just have motivation, needs and desires different that our own.  

We purchased the property for $21,000, invested $25,000 in renovations to modernize and enhance its appeal, and sold it for $55,500 on 03/29/2022.

.⏳ After that period, if you decide to move out to purchase your primary home, a lender can use 75% of the total rental income from the fourplex to enhance your overall income for qualifying purposes.😀 This can be a fantastic opportunity for those looking to invest in real estate while managing their living expenses.

You likely will need more than 30 such units for it to have a decent chance to be a benefit to your lifestyle.