How do I best figure out what is feasible in terms of clearance and its impact on the ADU construction?

If your rent would be somewhere closer to 1% of the replacement value, the long term capex picture would look differently, but that's obviously not realistic in the Walker Square area.I know this is not what you want to hear, but case in point at one of our workshops I had an investor who has owned a sizeable D-class portfolio for almost 40 years, self-managed, self-repaired, re-leveraged to pay for capex - and he said he has basically nothing to show for in terms of retirement, so he has to keep working it.Food for thought.

Any advice on strategy for multifamily properties would be helpful in terms of narrowing them down, and areas in Michigan to look in.

In this market, I'm really struggling with getting a new deal to pencil without a 25%+ downpayment.I have a new STR property that I expect to basically break-even on in terms of both cash and NOI over the next few years.

The beach houses in this area are expensive, and may not be the best investment in terms of rental income, but we would really enjoy going there when it's not being rented out.

I understand that California  isn't an average state in terms of real estate and rental markets.

In terms of advice, it seems like you have a solid plan of what you're looking for so I'm not sure what else I can add other than I think it's a great idea.

"Who really knows, we thought life was completely over when Covid hit and it was the best years in terms of growth.😂 LolThe market ebbs and flows.

I was wondering if any real estate professionals like you can prove this to be a good move in terms of investing.

All crap shoots in terms of landlord abuse.