Exterior work involved repairing the roof, painting, replacing rotten wood, and installing new light fixtures.Multiple contractors were engaged for the project, with licensed professionals handling electrical, plumbing, and HVAC upgrades.I have compared the comps in this area on Zillow and it’s in the range of 115k to 130k. all else checks out, except that I do not have boots on the ground to verify in-person.  

Have you ever used your real estate or mortgage license for your personal transactions?

@Sandeep Shukla how much time do you have to manage AND learn:1) Fair Housing laws2) Fair Credit Reporting Act3) Consumer Privacy Protection laws4) Local rental ordinances5) State eviction laws and procedures6) Etc...Everyone thinks property management is easy until something goes wrong...

spend time there in person. 

if you buy a property at market price in a good neighborhood - you will break even or lose money.and in general, if you're serious about this, i'd recommend going to your chosen market in person, probably multiple times, to set up your team. 

Since the S&P 500 averages around 10% annually I personally don't see a point in investing in a rental that's not going to at least beat that.

Hey BP I have questions I'd like to consider myself a strict person when it comes to screening my tenants recently I have a few section 8 applicants.

Building ADU , cynically, is like we're subsidizing California government for housing problem that they're created lol but that's my personal opinion.

Each person can provide a recommendation for the appraiser and the other party agreeIf you cannot agree on an appraiser then you sure as you know what will never come to an agreement on the price.Another option is to list it and you have ROFR

Check out the info at biggerpockets.com/conference but feel free to email me personally if you have more questions: [email protected] SEE YOU IN CANCUN!