We have long-term goals in real estate but right now don't want to grow beyond the two rentals.

I'm currently looking at 2 hilltop lots in phoenix to build a dream home. 1 is located at Lookout Mountain and the other on Central & Jomax. I'm not sure which location will be the better overall investment in the...

I'm thinking one might be that it wouldn't show established long-term tenancy in the case that I may want/need to for lending purposes. 

In your long-term rentals, which do you prefer and why? 

A drywall guy once told me that a quick way to calculate a whole house worth of work is to multiply the living sq footage by 3.5 then divide that by 48 sq ft ( 12 ft drywall ) and then multiply times per sheet cost.This is probably more applicable for new construction or full gut jobs.amazingwe did a new build last year & using your calc it was very close except we did 9ft ceilings & 1/2" 12ft wallboard.

Is there a resource whereby I can run a search for, say, the last 6 months or 12 months for all properties that were purchased "off market", not listed by an agent. 

I'll stick to the Lightning... but I still have my long-paid-off 1996 RAM 3500 dually and 1999 RAM 2500 just in case (especially if I ever have to tow long distances.) 

If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.

That is a tricky issue too long to discuss here.

Hi All -  long time reader first time poster.I am curious as to how other small/medium size MF investors are thinking about operating their portfolios as we head into the upcoming rate cut environment (however far in the future that may be).