If you're keeping the property and renting it for $2,900/mo, you'll make that $3,240 back pretty quickly.

Quote from @Jed Butikofer: Quote from @Henry Clark:   On line look for property listings that aren’t in the auction  I have researched as you suggested and found a pretty good understanding of what these property tax sales are and it looks like a great opportunity.

You can integrate Baselane with Quickbooks for example.CPA Handoff: Once I started keeping my records tidy in real time, handing things off to my CPA became pretty painless.

Overall, it's been pretty profitable.

I think finding other value adds than ADU additions are likely to be the superior investment versus adding a ADU.Best wishes, especially wishing the best to all the fire victims.I believe the market around north L.A. is one filled with some pretty well healed individuals.

The frameworks others have presented of viewing the site as a lead-generation tool where you, as the host, are handling all the payment processing and screening is pretty accurate. 

If you have ever played the Cash Flow Game, you are pretty much the poster child character in the game for a high-income investor.

I'm pretty neutral on the local market outlook for the next year. 

(I think in the current market getting 15% would be pretty good to be honest). 

I am pretty sure I am going to move forward.