Given that the ADU should rent for ~$1200/month, it's one of the few in-town investments that nearly achieves the 1% rule. 

While you live in the home you can make improvements as time and budget allow, and it’s a great time to start flexing DIY muscles to cut even more costs.3.

Buying a fixer upper that you want to BRRR is a way different strategy than buying something turnkey, and so are the price points. naturally every buyer is going to be at different stages, but being prepared is something that can be achieved across all levels of investing.To recap:1.

To achieve higher rent collections during uncertain times, consider taking on less riskier assets. 

With where the market is now and again depending on the deal, something 75-125 units may be able to be done through an agency lender where rates in the 2.50% -3.00% range are achievable at this time as well.

In order to achieve those numbers, I need a property where the monthly rent is at least 2% of the total purchase price!

My ultimate goal is to achieve financial freedom with a diversified portfolio of properties in different areas.Feel free to reach out and connect with me!

Bonus points for the over achievers: Landlording tips are welcome (although I'll probably stick w/Property Management from day 1)I think this might be fun since it is self-limiting. 1 piece of advice per person, only, so please think hard of your most valuable warning or guidance. 

It's always easier to achieve something when surrounded by people doing the same thing!

I noticed your renovation timeline vs renovation amount is a bit more hopeful than conservative, not to say it can't be achieved but it reads like a best-case scenario and not a likely one.