When looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

October is a popular conference month since the weather is usually nice in most places (including Vegas!)

Risk Mitigation StrategiesThorough due diligence: Always conduct thorough due diligence on any property before investing, including inspections, appraisals, and market analysis.    

. $8,000 could got you started on a deal, or do a mailing list of some kind.

It seems like there's an issue at least once a month that I must pay for, on top of trying to budget to fix several leaks (roof included), radiator not working, no shower in one unit, etc.

(myself included).

Just ask for a soft quote easily on the phone or email.

I uploaded my property on their platform but I got an email last week saying their platform is updating so they will be uploading for owners until the update ends. 

Alternatives include using a 1031 exchange to buy a new rental property or completing the exchange first and then doing a cash-out refinance to fund the ADU.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000