If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.

Finding a good account and bookkeeper wasn't difficult and using online registered agents was way more cost effective.

Hi All, I have 2 multifamily rental units that I entirely self-manage.

Initially the numbers were 40k for rehab cost Lessons learned?

Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

Networking with local investors, agents, and property managers will be key to your success.

How about the increased home insurance cost for a landlord policy?

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

It will likely be cheaper than the cost of financing.

So, this cost a bit more in closing costs BUT your are out 34,750 plus closing costs instead of putting down 25% of the 340k which 85k plus closing costs.