Purchase price: $400,000 Cash invested: $200,000 Bought this fixer upper 2 family house with 2 bed 2 bath and converted it to a 4 bedroom 2.5 bathroom with finished basement.

I think this could increase our cash flow to ~$1,400-$1,600 a month.What would you recommend?

Or is best strategy to sell, capture the equity, and buy a new construction home with profit from the sale?

How did you finance this deal?

I am a few years away from buying my first house, and am wondering where to save up for that.

I have been considering joining AAGLA and know they have lease forms and other forms, but it is $199/yr.In the next couple months, I am looking to get a standard CA NAA lease written up with RUBS for water and sewer billing and a requirement for the tenants to carry their own renters insurance policies with $100K or so (if there are recommendations around this please let me know) liability limits.Does the community here have any advice on how best to do this and where I could get a lease form that does the trick?

You can do a comparison of Price sold to rent per sqft and get a great idea of how the market is changing or what to expect from rentals there!

What made you interested in investing in this type of deal?

Quote from @Tasha Smith: Hi All, We plan to present the binder method to our inherited duplex tenants.

Only use QB if you have income from sale commissions, etc.