I bought a building with a partner several years ago. 

The main downside is the loan limits for a house with ADU match a single family, not those of a duplex (which is higher).Rent control applies to MF where unit is older than 15 years old.  

For Middletown Ct that is quite a market value increase year over year.

Over the last ten years, but particularly the last 3 years, values have increased at a far faster rate than rents have.

The building has been on the market almost a year and is probably still a bit 'overpriced', although I have yet to do a comp deep-dive with my agent (soon!).

Per their website, with a purchase price of 219k, 30 year fixed at 6.5%, renting for $1,850  a month, monthly cash flow is $508 a month.

That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

August 2024 payroll numbers continue to show a resilient job market, despite revisions expected to push the data higher, following a trend seen in previous years.

The home has a 27 year old but still working furnace. 

In Los Angeles, our properties have around 10-15% vacancy throughout a given year.