You will be closer to $90,000 if you do this the right way and I'm not talking about the ADU being included.

(assuming I still want to buy as is)A sternly worded letter from an attorney advising that the buyer intends to pursue all available remedies (including recovering all costs and expense incurred in enforcing the contract, if it provides for that) tends to help most sellers understand the reality of what they agreed to.If the contract isn’t bulletproof this is when the buyer makes that unfortunate discovery.

Me included.

Here are some insights and advice to help you navigate your real estate journey.Fix-and-flip Points to Remember:Make sure you comprehend every aspect of the renovation process, including precisely predicting expenditures and adhering to deadlines.For the refurbishment process to go more smoothly, establish connections with reputable suppliers and contractors.Always keep an emergency money on hand in case something unforeseen comes up when renovating.Financing: Look into financing choices for prospective rental properties as well as fix-and-flip projects.

So, for those utilities its usually better to either include them in the rent (if they are flat fee) or possibly to bill them back (if based on usage).

To me, the question isn't "stocks or real estate," because a diverse, recession-resilient portfolio includes both.

My screening criteria are out of date, and the laws have changed quite a bit since I last used them, but I'm also curious to learn what others include.

We did a light rehab which included paint, carpet, fixtures, turf in the backyard, and a new roof.

Closed the deal.if you are smart you will still do the diligence if your paying cash including an appraisal.

Unfortunately, common spaces that you use as part of your personal space can't be included in the rental portion calculations.