He's a big proponent of small, stable portfolios vs. the fast growth pushed by most YouTubers trying to sell a course.

Without use of no fault eviction, she is negative cash flow for years. how many depends on current rent roll and what increases the market can bare.  

And if you have a closet handy, nothing wrong with having a foam mattress topper rolled up for some extra comfort on the sleeper sofa.

So I definitely don’t want to rush into anything and make sure it’s the right area, but  would like to get the ball rolling on this.

Sorry I didn't push you off of the fence.

I don't think making this a nice remodel is going to help since you're likely not attracting the caliber tenants that's willing to pay more for something nicer... that tenant is looking to live in this area.Now, if you went the Section 8 route you might be able to push to the $1,300 - $1,400/mo range.

But these days, even the 1% rule is often unrealistic and pushes you toward terrible areas. 

There is some legislative push-back on "junk-fees", but every example I have seen was IMO truly a rip-off.

We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.

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