I would also explore the different rental strategies- long-term, medium-term, short-term, or rent-by-the-room.

Why do you think purchase contracts are so long and have such small print?

Your handiness and experience will get you a long way as it already has, being a partner in 2 deals at this age.

I did list it last night on Zillow, Avail, and FB marketplace and have already received about 8 inquires, which makes me think the price maybe a bit low and that six weeks in advance is too soon.

If you rent out a property to someone, the property is the product and the rental - long term or short term - is the service.

This may feel expensive right now but in the long run you will be glad you did.

Last week I heard another podcast that interviewed two guys who raised $900K for a deal.

The last thing you want to do is have a long work day and then have to spend some hours on your rental properties.Hopefully you make good money given your credentials, position and the firm you work for.I would try to make your real estate as passive as possible.Try to find a third-party firm that can do as much as possible for you.Maybe you can find the property and they can do everything else from managing the rehab, finding a tenant and managing the tenant.Best of luck.

It still would not alleviate the other issues with an ADU addition such as revenue out long (often many months) before any incoming revenue, the worse financing associated with the ADU, that it likely makes your primary a rent controlled unit, that it detracts from the primary even if it is just yard, that adding an ADU addition is work (likely more work than a BRRRR with much lower returns), etcCan you post the valuation you receive when you receive the appraisal?

He analyzes Airbnb data all day long and finds properties for his clients.