I see a lot of talk about airbnb on this forum so wanted to share some real life numbers (this is a clients not my personal) I have removed the address per forum rules. 

I am happy to provide email addresses for any of the above via direct message. 

I'm worried that I may be running myself out of a good deal if I make these percentages too high but also concerned about being too low and having a major issue arise. 

Also I am concerned about them becoming just another part of the rust belt that does pretty well in good times but hits tougher times during a recession. 

You are in "business" as far as the IRS is concerned because you are rehabbing with the expectation of a profit.

Although I have already read about the laws related to security deposit matter in CA Civil Code Section 1950.5, I would like the property owners with similar experiences to me consider my situation and advise me regarding the following items1- How to calculate their security deposit and provide an itemized list, while I do not have any invoice in my hands. 2- As my tenants have not left any forwarding address, shall I contact and ask her the new address for sending the itemized list?

You are debt free which is a big plus and you have the capital reserve which they will also want to see.The biggest concern, as previously stated, will be finding the triplex that will pass the FHA inspection/guidelines.

I understand the vacancy issue, and I may have  jumbled my train of thought, I don't foresee any repairs being needed because of all the work I put into it, but vacancy is a real concern.

Hello,I want to convert my detached garage into an ADU and it seems like the biggest holdback is going to be the parking for the main residence being that we don't have a driveway. Any suggestions of how to get around...

A "rich" investor is not likely to have wasted the $100k they borrowed against their 100 yo investment property, and they likely won't be concerned at all about the vagaries of the economic cycle which could technically place them "underwater" for that property, because, they will have a large portfolio of diversified properties, and will only be leveraged at around 75% of their current book value, which means that the economy would need to to take a really steep dive for their $135k property to become only worth $50k.