But first, I'd like to know where you're starting from.

I started with $25k and I bought the cheapest distressed 2/1 SFH I could afford. 

Each of your homes will start at a lower cost basis and you will get slightly less depreciation each year to offset but you have spread that depreciation over multiple properties so now selling any one property will result in less impact on taxes than just selling your first without a 1031. 

This fundamental slow in housing starts has caused household formation to outpace new homes (single and multifamily) by 2.3 million between 2012-2022 (Source).

Starting locally vs. out of state:I always recommend starting locally if it aligns with your goals.

Any LLC we start in the future will be held in the trust.

Hi everyone,I'm a new home buyer from Bay Area and trying to get pre-approvals in place before I start making offers.

Fast forward to today and I am actually starting a new real estate business called Upgrade Real Estate & Moving.

I grew up in Bucks County and started my career in Real Estate in Doylestown.

So let’s assume with realistic expense estimates over 1st 5 years you average $250 in today equivalent dollars (it will be a challenge at that starting point).The ADUs are typically receiving valuations below $100k, but let’s be generous to show the scope of the people and say it adds $150k of value.