The current market conditions have made properties quite expensive, potentially leading to a scenario where I'd have to cover monthly expenses out of pocket.

So, bring strong evidence supporting the property's potential value.They prefer experienced borrowers or teams.

., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

@Jose BotelloThe idea of selling your current home and purchasing a duplex as a way to start your investment journey is a strategic move, especially with the potential to generate rental income from one side.

New roof and windows, insulation etc don't really add much to ARV, but it makes for a better quality asset.

Factors like high equity valuations, tight labor markets, and government spending are cited as potential contributors to inflation.

Researching similar rentals and noting renovations in your listing can attract potential tenants, with room for adjustments based on demand.

Take into account elements like diversity, tax advantages, cash flow, and potential for appreciation.Determine Your Risk Tolerance: Investing in real estate entails some risks, such as shifting market conditions, vacant properties, and unforeseen costs.

I have some capital saved up and have potential access to investors and partners.

In terms of potential numbers I think I could convert the garage to an ADU and rent it for $2k and could rent the house for $4k especially if I added a bedroom  And then if I did those things it would also be worth about $1m so I’d gain equity, but I love the place so much I’d probably keep it forever.