Hi BP,I have two fourplexes in the Colony Park neighborhood in northeast Austin, and unfortunately my current PM has decided to end our contract because they don't feel safe working in the neighborhood.

Hedge funds are buying here again, so the big money is betting on Denver.

In my initial analysis, if I would have to bleed a property of 2-3% extra in property management fees or I would have to pay $150 extra every month in either utilities or the mortgage just to make the deal look "decent" to match my criteria, I can pretty safely say the properties numbers are to far from comfort for me.

I think your best bet is to find an investor willing to put up funds for the down payment but you will most likely have to give up equity to do the deal. 

I think the anticipation for a fun summer is the bet they are making.

Right now, I'm thinking about doing the basics: roof, HVAC, and things required to make the place safely livable, but not much more.

If you are unclear on exactly what the differences are or how to keep yourself safe in your deals then take a step back. 

What is the benefit for a permitted ADU compare to just providing a space that is private and safe for rent?

@Katie LambDon't bet on hyper inflation, economists don't fully understand inflation and what influences in larger economies yet.

I bet you’d eliminated 1/2 the tenants with that rule.