Your understanding of NOI, deal negotiation, and long-term strategy are assets that make you stand out. 

It helps you understand the areas where you want to invest, your rehab cost and where you money is going.

What I don’t understand, and help me on this, is why someone would simply want to purchase the Mortgage/DOT without the note. 

So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Since this would be my first long term rental property do you recommend starting with a property manager from the beginning or managing the property myself.I understand that there are pros and cons to all of these scenarios, I'm just looking for various insights.

Not only do some landlords allow their personal and political ideology to be in the mix, but many do not understand how to manage this population.

This means understanding the neighborhoods, pricing trends, and what buyers are looking for.

Unlike our real estate investment, there weren’t hefty transfer fees involved in either the purchase or sale.