I feel pretty free to tell someone when I think RE is not the greatest investment. 

@Tyson Regier  I agree with Megan, and would add to her list Annual fees associated with each llc to keep current/registered with State.Annual Tax filings costs...

So, this cost a bit more in closing costs BUT your are out 34,750 plus closing costs instead of putting down 25% of the 340k which 85k plus closing costs. 

Feel free to reach out, my team has experience lending as well

They are very expensive typists who will fill out forms for you and give you access to MLS.A bad broker will cost you 5-10% of price, a good broker will make a property cashflow. 

he does some incredibly detailed walkthroughs on BRRRRs and flips and he covers the types of costs that are often overlooked. 

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

Feel free to bring any question you have or ideas for topics you’d like to hear about, whether for novices or advanced investors.

The big issue is building a single small residential unit is the most expensive residential development.Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!