It’s certainly raised my confidence level and helped me focus on what I want out of this life.

Purchase price: $747,000 Cash invested: $149,605 Sale price: $2,329,000 UPDATED: This project was a large addition to a single level home in a great neighborhood.

Purchase price: $747,000 Cash invested: $149,605 Sale price: $2,329,000This project was a large addition to a old single level home in a great neighborhood.

You have 5 people if you are including your mom and the odds are 5 or even 4 people are going to agree on everything, or that you will all need the money at the same level at the same time is low. 

ADR will not increase from this point at any substantial level (unless we get several years of high inflation). 2022 will likely be similar to 2021.

If local, consider in person meetings too (depending on your comfortability level with this). 

We’ve focused on single family homes because of my husbands comfort level but seeing the success he’s beginning to warm up to the idea of multi families too.

If this leads to a net loss in your schedule E, then you will be able to offset a portion of that against your W2 income, provided your income doesn't exceed a certain level.

The goal would be either to rent out to 4 roomates living at the top of the home while I take the ground level.

Very high level, you don't want to give capital interest to your employee as that will create immediate tax implications for them on phantom income.