These can vary quite a bit and will affect your cash flow.

I've received a few recommendations from my local REIA and am getting quotes as varying as $625 to $1500 a year on the current properties.

@Manuel DelaLlata Renovations can vary so much in scope that it's really far too crude to estimate by square footage.

Even if I lost 50% of the value in my home overnight, I would still be above water because I have nearly a dozen doors, purchased through the HELOC funds, paying the "mortgage" on my home.This is just 1 strategy and your mileage may vary... but I thought I would throw it out there for your consideration.Good luck to you!

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And I will also share with you what happened to me and your mileage may vary.

Run the numbers and maintenance costs, it will vary from area to area.

Although update frequencies vary, many sources update on a daily or weekly basis and we update our information as soon as we are provided with new data.

And just for clarification, the property had a detached garage that I was planning on converting to an ADU, so that would fall into the new construction category.

For all those who belong to this category, I agree completely with your advice.