A great real estate metric to live by is the stabilized yield on cost which essentially takes into account the value added to your real estate once it is up and running/stabilized.

KeeyaSuccess in real estate is largely dependent on time, and of course buying right.

Bank statement loans work great if your business gets a large amount of monthly deposits because the way the lender calculates income is by adding all your deposits over the last 12 months then cut it in half and divide that total by 12 months then take 50% of that remaining balance and use that to calculate your DTI.

You want to buy any new properties in a LLC but also depending on how much you want to scale your real estate biz, you may want to create a holding company LLC and a S-Corp if you get large enough.

It also keeps the outside clean and keeps tenants from adding "yard art" to your rental. 

Other strategies such as fix and flip or house hacking don't really appeal to me as constantly seeking out opportunities in hopes of generating large amounts of cash is not a part of my nature.Also, your local REIA will be an awesome resource for you.

Because thats where the house is at Well as you probably know, Maricopa has had a real run the past decade.....in large part due to the huge number of Californians fleeing over here.

But the logic would be the same: would adding an addition, that is designed as a second unit, actually add value OVER and ABOVE the cost of the addition?  

I've seen some pretty large gaps from what an appraiser says they will rent for versus what they actually get a lease.90 Days is crazy. 

We kept the spaces at mobile home size dimensions and added storage sheds.