We bought a rental house in Alabama that had been a foreclosure and it was still during the 1 year Right of Redemption period when we bought it.

Looking at my first property and there is a severely intense odor in the basement (concrete) and some slight orders on the other levels of the house as well (hardwood floors and carpet).

House is habitable on day of close through contractors will be working there.

We purchased the home on 7/9/2021 for $185,000, invested $33,900 in renovations, and sold it for $280,000 on 7/15/2022.

Investigate government programs such as HUD, USDA, and FHA loans, select investment techniques such as house hacking, turnkey homes, or purchase and hold, and assess properties using tools such as Grants.gov, HUD.gov, and BiggerPockets.Good luck!

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

And others want a big yard for the family and to not be 15 feet away from the house right next to you.Now, that's all fine information.

Seattle has become more lenient on ADU regulations because of the housing shortage. 

A few things that jump out at me, in addition to @Don Konipol Comments…-$1,500/yr for insurance on 8 houses (less than $200 each)?

I was only able to do this because I had the numbers to support (similar housing rents, increase in expenses) that it was a reasonable raise in rent.