Purchase price: $775,000 Cash invested: $700,000 Sale price: $1,660,000 Fully renovated single-family with 4 bedrooms and 2.5 baths spanning four levels, features high ceilings, extensive crown moldings, millwork, & exceptional finishes throughout.

My property manager selects great tenants, is trustworthy, uses effective contractors for repairs, and deals with problems immediately.

Critical Check Points: Tenant selection - screen and choose well; Lease Up - establish a strong rental agreement and make sure the tenant understands your expectations; First Three Months - like a probationary period, check in more often, most problem tenants reveal themselves within the first three months; Lease Violations - swift follow-up and enforcement; Regular Inspections - frequency will depend on a number of factors, including how well the tenant is fulfilling their responsibilities.

Purchase price: $775,000 Cash invested: $700,000 Sale price: $1,660,000 Fully-renovated, sun-drenched single family with 4 bedrooms and 2.5 baths spanning four levels, features high ceilings, extensive crown moldings, millwork, & exceptional finishes throughout.

@Marc Stevenson use the network tab on BP and select meetup in the location you want.

When you select the comparable properties, you have opportunity to push value up or down.

(I would have replied earlier, and I selected "Notify me when a reply is posted", but I never got an email, so I didn't realize anyone had replied until I happened to visit the site today.)Btw, as others in this thread had mentioned, the real estate investor who did this did it this way to do the BRRRR strategy, but get the money out in shorter than the typical 6-month seasoning period many banks require to get cash out of a new purchase.

And even if no license is necessary, you will want to make sure the person/company you select is able to accomplish your ADU as you want and get you through the whole process legally.

I have a clearer understand the landlord concerns more extensively.

Was the extension on the finance component signed by all parties?