Hey Ashley,Section 8 provides a subsidy to low-income tenants to help cover their rent, with the amount varying based on factors like local housing costs and tenant income.

Everything costs more than you think it will, takes longer than you think it will, and exit strategies of selling or refinancing are a bit more complex and difficult than strangers on the internet make it seem.

@Daniel Mendez As much as possible.If we do a holding agreement to take the unit off the market we try to get them to pay the first month rent and any other move in costs other than the security deposit, which they pay at lease signing. 

There was an additional cost of 3k that we didn't expect because we didn't walk the attic, but that's to be expected for a sight unseen offer.

Renovations would cost around $30,000 but the only things I've done are Plumbing, foundation work, gas line, and new windows.

All of this has cost me about $10,000.

In general ADUs add less value than their cost.  

@Dennis O'Loughlinwhen you BRRRR, typically the improvements you make will go into the cost basis of the property. 

Insurance company now refuses to share their part of the cost.

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.