So you will have to consider all these things and their costs, along with any other renovations you will need to make for your potential property, and the prices that go with those as well.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.

From what I"ve researched it sounds like quite an undertaking and costly if you want the approval to rebuild on the soil. 

After closing costs, agent commissions, etc... my net profit was $52,000 How did you find this deal and how did you negotiate it?

From Cope Equities:"This project is already begun – no risk of it not starting – it already started, a $44 million dollar project ($29 million in costs, approximately).

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

And with the housing supply increasing and the difficulty qualifying for a loan at 7% interest rates, people that need to sell may start to lower their cost.  

We had to buy a new fridge for our rental property, which cost about $1000.

Tenants are responsible for property taxes, insurance on the building, and common area and maintenance costs under triple net lease.