The HVAC system failed unexpectedly, adding unforeseen costs.Lessons Learned:Thorough Inspections: Always include major systems in the initial scope.Contingency Budget: Set aside funds for unexpected repairs.Flexibility: Be ready to adapt plans quickly.These lessons highlighted the importance of thorough planning and flexibility in Partner Driven's real estate investments.

An ADU is an Accessory Dwelling Unit -- specifically, a garage or other structure converted into a living space like a studio apartment.Houses can have one ADU and small multifamily property can have two ADUs (and more under certain circumstances).Here's an example deal, one I was exploring with a client recently:https://www.redfin.com/CA/Los-Angeles/624-N-Evergreen-Ave-90...This fourplex has two large garages, each of which can be converted into a studio apartment collecting $1600/month in rent (with plenty of off-street parking still available for tenants).

The problem is that due to life circumstances I have to stay in a certain area where there's not a lot of duplexes and the numbers are as good as in other areas.  

Usually, PM take 10% of the late fee in normal circumstance. 

Since you are really passionate but low on funds, you should work with your current circumstances. 

It also was not decorated up to the standards of our market, another reason it was under-booked.Again, it really depends on the circumstances. but new STR owners need to really do their research and be fully informed when thinking through the management strategy, especially for larger and more complex homes.

Consider your priorities and circumstances carefully to determine which option aligns best with your goals and preferences.

Life circumstances pushed me into stepping out into that direction right now...at possibly the top of a market...ooof.

Life circumstances pushed me into stepping out into that direction right now...at possibly the top of a market...ooof.

If the deal were to go bad or an unfavorable circumstance arose, you could not only be in jeopardy of losing the investment property, but also your primary residence.