Airbnb loves to refund 30% for complaints, so for us right now we have some units renting for $1000+ a night.

accessory dwelling unit  

HELOCS can go from 80% - 90% total LTV (loan to value) depending on the bank or credit union.I would recommend shopping for a small unit that doesn't need too much rehab.

Hi everyone,I recently purchased my first single-family property in 09/08/2023 and converted two smaller rooms into rental units while occupying the principal room. 

Leading this transformative wave is Bruce Hiatt, a forward-thinking broker nestled in the heart of Las Vegas, who's rewriting the rules of real estate navigation.Picture this: with the technological brilliance, Hiatt is intricately weaving AI into the very essence of Luxury Realty Group, his cherished brainchild, with ambitious plans to share this digital metamorphosis far and wide across the expanse of the United States and Canada.

At least 3-6 months of reserves.Expect to lose probably 2 months of rents when you close, 1 month vacancy, 1 month leasing fee, and to spend 1-2k to make the unit rent ready. 

In Washington state right off the I 5 corridor .. my land partner got into contract for 65k ( infill lot that could handle a duplex or two units) put it on the MLS ( which is how you get top dollar) sold in 3 days multiple offers for 110k netted us 100k so 35k net profit .. which I have a formula to split with the acquisition partner. ( PS its always more to them than me) but bottom line if you can fill your pipeline its easily a low 6 figure to mid to high 6 figure when you have a capital partner like myself.. or someone else.. does take a fair amount of capital though usually 500k to 1 mil in cash to make that kind of money so thats where we come in.

Furthermore, you may be able to purchase commercial rental units (5+ units) where you may be able to cash flow even more. 

Seems like if I purchase one of these, I am at risk to lose 2 cash flowing units.

Partnered with the original investor on an empty lot already zoned for 50 manufactured homes and an area for storage units, etc.