Once you’ve finished renovating, you can switch and rent out the newly upgraded half at a higher rate, then start renovating the other half.Experience and Skill Building: After two years, you'll have a duplex with both halves nicely renovated.

The key is to save a decent amount for that rainy day.If you're buying a newer house with upgrades on the major systems -- roof, furnace, water heater, sewer, and appliances?

3) Have you considered ADU upgrades?  

Considering the concept "you make money when you buy" how would you reconcile that against your recommendation that a new investor starts with a turnkey rental vs a property that needs even minimal work so there's equity in the property after repairs/upgrades?

The city has been re-inventing itself over the last decade, downtown looks very different, we are currently getting an upgraded freeway system and you see a lot of new developments.

Our efficient project management ensured timely and budget-conscious completion, while strategic marketing efforts highlighted the property's new features, attracting buyers quickly and maximizing resale value.

The tenants love her, she stays on top of maintenance, has implemented upgrades to improve the property and drive rent increases (much to my dismay, LOL), organizes fun themed events with catered food for tenants, manages evictions and oversees the building's Section 8 program.

Main house will rent for $3k/mo once upgrades are complete, and if we ever decide to move out.

As a Pro member, this premium upgrade is 100% FREE for you.Access a suite of premium powerful features, including:Expanded Data Access - You now have the opportunity to build a comprehensive database of 5,000 property records, giving you more opportunities than ever before to find your next lucrative deal.Advanced List Builder Filters - Say goodbye to generic prebuilt lists.

Purchase price: $505,000 Cash invested: $55,000 Sold our first condo and used the equity as down payment and for a couple upgrades on this this single family primary residence / house hack.