I live outside of Charlotte in a small town called Denver (of the East).

The second year (2024) might not be a loss because there is no cost segregation, so personal usage doesn't matter that much. 

. @ Dan Rowley, your advice is so simple but spot on.

@Kana Watanabe I have seen @Christopher J Driscoll Designs for his ADU and they are amazing, He has gone through the process of speaking with a lot of GC's in the area so hes a great resource for all of the above.

In New Hampshire, title laws are strict, so we couldn’t move forward without obtaining a signature from a living heir.The title company dug deep and eventually located a distant relative—a niece of the deceased owner, two generations removed.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

So, perhaps you make a few offers which you know are unrealistic.  

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

Its dashboard is so cluttered, it hard to see who has paid and who hasn't.

@Travis Biziorek we've been on the same page about that forever:)Seems we both want people investing the RIGHT way in Detroit, so they brgin family & friends!