It’s also worth connecting with a property manager and contractor early, even if you don’t need them right away.

As my parents age, I am assisting in their property management of their primary residence and would love to connect with other real estate investors in the area.

I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.

If/when you do move, renting your vacated unit will provide even more cashflow.

ChatGPT tells me that the cash out proceeds even if only reimbursing myself is non deductible because the proceeds are not reinvested in property

I understand that they would all be considered unrelated even though two of them are cousins. 

Skipping Toy Shop SchoolTo open a shop, you need to learn the rules, take a class, pass a test, and even keep learning as new toy trends pop up.

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

Bryan,This is one of the biggest challenges when investing in C/C+ areas, and it’s even more amplified in D-class neighborhoods.

of those I like next door best because it is hard to fake and the reviews are easily tied to a reviewer in your community.The costs of ADUs vary significantly for various reasons including by ground up vs conversion, difficulty with lot (sloes, access, etc), finishes, and even the size (bigger typically have lower PSF).Good luck