Purchase price: $350,000 Cash invested: $50,000 Sale price: $550,000 I acquired this property in 2015 and used it as my primary residence for two years.

An ADU is a secondary dwelling unit located on the same lot as a primary residence.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence buy & hold investment.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

They do require these to be done on Primary Residence, and they probably do have a credit component, but may not have an income component to underwriting.

The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

Quote from @Lamier Guzman: @Jaycee Greene I was thinking Hampton or Virginia Beach, leaning more into Hampton honestly for the duplex's but after my military contract and my 1 year of residing in the duplex is complete I plan on renting both units and moving to Florida or Texas to purchase SFH's and BRRRR them.

I'm not sure that the property being perfect for your investment criteria makes it unique enough to warrant a judge forcing the sale, especially considering that it was not listed for sale to begin with and that you're going to be using it for an investment property not a primary residence.