We’re moving into the ADU ourselves starting in January so we can remodel our main home.

Principle pay down and appreciation are the main drivers behind my strategy, and I focus more on IRR instead of cash flow.

Main questions would be, how long have you owned this and is there any rental income reporting on your most recent return.

The property has 7 acres with a 3/2 main house and a second separate 2/1 house (which also needs renovation) with its own drive.  

Keep the main structure but open it up for shelving. 

I’ve included a photo for reference of the kitchen which is the main attraction of the Mass home.Now I am looking to pursue REI long-term and am looking for tips on how those more experienced in the field have operationalized and scaled the property selection process.Our thinking for this first official investment is to either acquire a duplex/triplex and add our touch or acquire a single family where an ADU can be added.

Keep in mind the 3 main ways you make money (cash-flow, mortgage pay-down, and market appreciation). 4.

However, you will find it difficult being that both of you are W-2 with your main activity to produce income being outside the real estate profession.

I am experiencing similar issues with time of year being the main culprit.

The main Real Estate one, On The Market, and BP Money are some of my favorites, but I also listen to the Rookie show when the topics are interesting.