I'd recommend checking out some turnkey property managers to get a sense of the numbers. 

I'd check both of these.

Let me know if I can help in anyway get your next home and that next check in your mailbox from it of course 😊

LA area:- you have more control being local and can see the property, check on renovations- I wouldn't buy 2 condos.

if anyone would like to check out the property I’m working on now let me know it’s a 1/2 acre SFR in Redlands, that I would like to either split the lot or at least build an ADU. 

(A 3 family would be 4 units counting the exterior, so use $24,000 as a base number to negotiate with.)There;s also a database online you can check to see if the unit has ever been inspected.Good Luck!

This is typically seen in larger transactions with bigger check sizes but is also complicated to originate because an intercreditor agreement will be required by your lender.

@Tony Anderson check out flip with rick website or his YouTube channel before you buy anything.

Best to check with an attorney.

Keep in mind even if the housing community doesn't expressly prohibit the use, it doesn't mean the municipality allows it, so you should check with the municipality as well since many across the country are moving to prohibit the use.