Whether it's sharing insights, seeking advice, or exploring potential partnerships, I'm here with an open mind and a willingness to learn.If you're involved in any of the mentioned roles, I'd love to connect and hear more about your experiences.

Hi Shola, It's great that you're exploring real estate rental investment as a source of passive income!

I have not read the book but I have done many sub 2's over the decades and for us it was just a standard purchase contract and when it says additional terms we just described that we were taking title subject to the existing debt or which debt would remain on title.

Active management vs. passive investment is one of the main differences between a DST and a 1031.Understanding the Differences Between DSTs and 1031 ExchangesInvesting in real estate often involves exploring various strategies and tools to maximize returns and minimize tax liabilities.

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I have homeowner's/hazard insurance on the property through my mortgage, but I do not have any additional landlord insurance or other coverages.  

Additionally, could anyone recommend the best platform for listing STR and MTR properties tailored to traveling nurses in the Birmingham area?

I have friends in CA who converted their two-car garage into an apartment and used it for additional income.

Addition costs for staging.  

I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR,  the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?