Finally something worked out in my favor!

I agree that given the information I provided on paper, this doesn't seem that great as a traditional buy & hold (which it isn't, house hack was not an option I could select for investment category), but my understanding of the local neighborhood makes a favorable difference.

I'm new to real estate investing - just bought a condo the old fashion way and then stumbled upon BP; now realizing that I want to get into using brrrr.

Account Closed This is a very thorough write up and I've had it explained to myself in similar fashion. 

Make this a signed document with a set offer period and a date they must be out and present as if you are doing them a favor. 

Let's say 3-4 years from now I am going to move to another house I will have these three options:a) Sell the house (I am Buy & Hold type so this is the least favorable option)b) Convert and rent the house as SFH w/o ADU (will yield less money than the next option)c) Try my luck and rent the house out as non-conforming 'duplex' (i.e. upper and lower unit)Curious to get some feedback on what would you do if you find yourself in this position.

You're going to get opinions favoring both options.

Thank you all for the extraordinary information and resources you have provided on here and I look forward to what this community has to offer, and in return how I can repay the favor eventually.  

My friend always says "Fortune favors the bold," and I feel that this story exemplifies that. 

Flipping is a bit fashionable now due to HVTV shows and such, but at the moment it can be a bit challenging to find a good property (e.g., one that has 15-25% profit in it).