We are looking to do long-term rentals for a buy-and-hold strategy, starting to build up our portfolio and gain momentum. 

However, when the business model of "value add via ADU addition and rehab" gains some traction in a given market, and those properties with begin to trade, there will be comps. 

The leaders of these must gain unearned trust and authority very quickly.

Managing your own property and finding tenants is a great way to gain hands-on experience.

No Capital gains tax if I sell one day either. 

So, by the end of 5 years, your net gain will be around $33k ($93k cash pulled out minus the negative cash flow).Looking ahead:Future Cash Flow: After 5 years, assuming a 3% annual rent increase, your rent will rise to $6,955.

Like you, I’m diving into books and podcasts, but I also believe there’s immense value in learning alongside others and gaining hands-on experience.I’m in the process of connecting with like-minded individuals to create a community of new investors who are eager to learn, share knowledge, and even collaborate on deals.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

For example, let's say you are guaranteed a 7% pref and the property delivers exactly that, but then sells with a capital gain. 

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.