Now what would make you think someone here wouldn't be doing their due diligenceAgain this is also a platform for new investors so there will be questions along the wayYou should consider developing an understanding for the purpose of a legitimate forum

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.

Sadly it is always overvalued for the locals as well.For context: the same comparable duplex a client purchased for $750k last february 2023 in Lil Havana is now asking $925k.

Today is very different as it is all about the management (and not appreciation) compared to past where management could suck but you still had superior apprecation.This will not crash housing of course but all those "creative" deals where people are paying more than market value are going to realize they have no exit. 

 $13,440 value to compare against.The teak would be 60 trees at the end of 21 years per acre.  

CA has inverse values compared to most of the nation..

Not as many compared to coastal towns after a Hurricane, but still some.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Looking to invest with Praxis, but wanting to compare their current offering with a couple more. 

Later they stated that they purposefully did not include timing in our contract so they could take as much time as they needed.