Renovations would cost around $30,000 but the only things I've done are Plumbing, foundation work, gas line, and new windows.

Hopefully my added comments will help potential owners in the post-purchase phase to be successful and buy more properties. 

Everything costs more than you think it will, takes longer than you think it will, and exit strategies of selling or refinancing are a bit more complex and difficult than strangers on the internet make it seem.

All of this has cost me about $10,000.

These professionals can provide valuable insights and help you navigate the complexities of real estate investing.Research the market: Start by researching different markets across the country to identify areas with strong rental demand, affordable property prices, and potential for appreciation.

There was an additional cost of 3k that we didn't expect because we didn't walk the attic, but that's to be expected for a sight unseen offer.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

He has rejected larger offers and suggested I invest $5,000 for an 8-12% stake in the venture.They uses a cost-free retail space and a reliable, but paid event venue and has 100 attendees weekly.

In general ADUs add less value than their cost.  

For most people high debt will eliminate a high credit score (wealthiest excluded).3) FICO takes into account credit obligations that were not satisfied (I.e. are in default).  4) the entire purpose of FICO is to use an algorithm to determine likelihood that the person will pay future debt obligations.5) a good FICO provides the potential stick used to collect moneys owed.