Did you guys ever raise private money?

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

If you ever want to chat about what’s working here or just compare notes, I’m happy to share what I’ve learned.Here to connect,Jorge

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.

Has anyone ever had success doing this?

Good luck trying to replicate that across multiple markets.If a market is working for you and aligns with your goals, why change it up?

All of these things change over time. 

"Question: have you ever filled out a spreadsheet of cost and lifespan of each product of a property?

We let the inherited tenants know of the change of ownership and gave them a formal notice to vacate.

Just about everywhere in the US uses some version of IRC for its base code and then makes some changes to that as they feel necessary for their locality.