If done right and the area supports that type of living accommodation (permitted and acceptance), it can work but most people will see it as a converted garage (hence the done right part) and rentability will be impacted.We have looked at doing that on a few properties or building and ADU to boost cash flow but the numbers did not work so we passed and found something else. 

I get to bounce ideas off him, he verifies that I'm doing things correctly, he looks over deals I get and he's a huge confidence boost.

New: Roof, kitchen, bathroom, flooring, appliances, HVAC, plumbing, electrical etc.Originally the property was a 2BR 1BA however I stole some space from the living room to add an additional bedroom.I knew I would need that additional bedroom when I went to do a refinance and the appraisal would boost my value if it was a 3BR instead of a 2BR Total renovations cost me $40KI got the property rented out for $1,285/month Let’s Recap $78K purchase + $40K renovation = $118K Total all in cost + private lender costs oh by the way I didn’t use any of my own money 💰 a private lender funded the entire purchase price for me!

Plus the added curb appeal.

If you're not yet an accredited investor, buying some rental properties can boost your net worth.But, as always, it depends on your situation.

Is your rental in good shape with good curb appeal? 

**Take Advantage of Catch-Up Contributions**: If you're 50 or older, don't forget to make use of catch-up contributions to boost your retirement savings.2.

Especially when the yield is healthy as many times we are able to boost this with a tourist license on the properties. 

Once there is an adequate supply of houses, the market will shift towards a competition based on the quality of properties rather than people buying out of desperation.Furthermore, the increased interest rates aim to curb inflation caused by a surge in demand for housing.

The cost varies depending on the lot size and complexity (small grass patch vs botanical garden.)For the extra money (the tenant pays half), I get consistency and some good curb appeal.