You can always start on the lower end and increase your prices, but being realistic about your property and charging a competitive rate for the condition and location are the key to getting it rented it out, even if the goal is only to break even.

Are you looking at $140/mo or higher rent increases every year?

Increase cash reserves for larger purchases.

Are you interested in increasing the value of the property through rehab prior to renting it?

Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

Typically, a cost segregation study identifies and reclassifies certain assets to shorter depreciation periods, allowing for accelerated depreciation deductions and increased tax savings.As a rough estimate, the tax savings from a cost segregation study can range from 15% to 30% of the reclassified property value.

How well do you know the condition of the property?

The challenge is when there is a valuation or property condition discrepancy, who is going to advocate on the buyer(s) behalf?

This ADU is an improvement to your property which is just increasing your basis in the property.

Will see condition when they leave.. although the house is all tile floors and furniture is not high end or anything.