Reducing your rent/mortgage though is one of the best steps to make.

This to me just seems like the (stepping over dollars to save pennies) syndrome I have seen over the decades.You must not have enjoyed the commercial real estate space working for the REIT.

I final got an opportunity to meet with a GC at a property he is working on to get a feel of what are some general prices for rehabs. one step closer in the right direction.

Better sit down and explain the consequences to them and their parents if tey do not step up.

You can take it one step further and ask a realtor or someone with MLS access to pull which zip codes the most cash buyers are looking if you want to find hot properties to flip and sell fast.

At least we have a finished detached studio on the property to live in while renovating the house, and now have two kids and live in the house while we rent out the studio.I love your story, it's awesome and so glad to see your steps and how it worked for you.

In California, there are required steps that a landlord must take with security deposits.

While doing my research I realized that owning an ALF is stepping outside the real estate business and into the healthcare field.

If so, go to Step #2...

If the goal is a retirement type home or vacation home for older people, avoid steps and keep it more of a ranch style.If older people frequent the area you may do better making it an accessible home.