The income isn't covering the costs (maintenance, capex) and you've only gained 15% appreciation in the three strongest years we've seen in a long time.

Use your savings and equity to get the next one and keep this one. 100% agreed here. 

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

Will keep you posted.   

Contact me if you’d like to earn passive income or are in the business and are looking to collaborate on any projects.

Need a lender who understands that clean title will only occur on the day of closing.

The insurances like AAA are strict on the paint, roof, plumbing, electric etcThe houses are in Stockton, California.Thanks

It’s great to see another agent specializing in investment properties here, especially someone with a deep understanding of the Washington market.

Giving the best quality of service to people is the top priority! 

If you just grab one off the Internet, it will have a lot of holes.