During this time you are not generating any return from the money invested in the ADU.

I've wanted to get into real estate for a long time but typically moving into that realm in a w2 position means a decent pay cut and probable loss of all the other good stuff.

Currently, there's only one water meter for the entire duplex, and historically, I've been responsible for paying the water bills every month.However, I believe it's time to transition to a system where the water bill is split between the two tenants.

3) If there is a major issue at the property such that nobody can live there, it is expensive to move and you need time to find a place.  

I'd like to evaluate a few at a time.

You may already know this but as a good rule of thumb if Property purchase price plus rehab is less than or equal to 70% of the After repaired value you are going to be a winner 9/10 times. 

We are considering properties in the Oklahoma City market at this time.

I think it would be good for you to take some time to figure out what you want to focus on.

Storage 3Unit Number: 158Size of Land: 1.3acreLocation: close to home, can actually manage from time to timePopulation: about 38K within 3 milesPopulation Growth: NeutralRent at 100%: don’t have exact layout but nearby 5x5 is $25, 5x10 is $45, 10x10 is $65Projected NOI: guessing 100K to 120K?

Smart locks break and screw up all the time.