2) What is the average rent in this market and how does your asking price compare?

Kyle there are a ton of options here that you can compare.

They said this is an older home, and has had some minor renovations but it probably would need some form of work if comparing it to the fully reno homes in that area.

The Northeast and Midwest are expected to be less affected by the oversupply compared to the Sun Belt and luxury properties.

I would start by comparing quotes from multiple providers.

Hi Kwanza,Bay Tek (650-204-1512) would be a great starting point, but I’d also recommend reaching out to Adler Builders (650-398-9030) and Mission Home Remodeling (415-855-7269) for comparable bids.In San Francisco, you’ll need a licensed General Contractor (GC) to pull the necessary permits.

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

Quote from @Tove Fox: What are the pros and cons of each when compared?

However, the rental value this area is very low compared to the Home values and mortgage rate.

For instance, Berea is a charming college town, but the combination of local taxes and less favorable price-to-rent ratios makes it less appealing for investment compared to other areas in the state.Agree here!