I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move.

Here are some things to consider:Most investors don't need software until they have 5-10 rentals.

Most people didn't want to touch it.

I'd love to connect!

What a great start to your investment journey @Abby Blumenfeld! 

Most of us will go even higher...say 85%...but you have to get the property to cash flow at that level.

We have a duplex with an extra flagpole lot that we are hoping to set up with an ADU for short term rentals.

Is anyone still using free classified sites to market for Motivated Sellers?

Profits do not justify their effort even with the ADU addition in this case typically not being hands off .Here is a list of things that make ADU additions a less than optimal RE investment but the value added and starting with tens of thousands negative is a big one that needs to be well understood. 1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

I've only owned a couple sfh am middle-aged and not sure I agree with flipping sfh at this point to create wealth, time freedom and passive income so I have been reading and there seems to be a lot of talk with multi-families and more specifically apartment investing.