As a First Time Home Buyer you can get all the Financial Discounts and Low Down Payment.

The IRR works out to be in the mid-10% range, which is attractive by most standards, especially for a low-risk property in San Diego in a nice neighborhood.

I would not get an attorney involved unless you just want to prove a point. it will probably cost you a few thousand and I am sorry but the attorneys involved  , your attorney and theirs will settle out of court. 

Property details are below.Property 1:Cash flow: -$730 / monthPrinicipal + Interest: $1,790 / monthEquity after sales costs: $110kExpected IRR of holding: 27%Property 2:Cash flow: -$200 / monthPrinicipal + Interest: $620 / monthEquity after sales costs: $20kExpected IRR of holding: 35%Property 3:Cash flow: -$310 / monthPrinicipal + Interest: $690 / monthEquity after sales costs: $45kExpected IRR of holding: 26%Property 4:Cash flow: -$500 / monthPrinicipal + Interest: $1,135 / monthEquity after sales costs: $45kExpected IRR of holding: 16%Property 5:Cash flow: -$600 / monthPrinicipal + Interest: $878 / monthEquity after sales costs: $40kExpected IRR of holding: 16%Total portfolio:Cash flow: -$2,340 / monthPrinicipal + Interest: $5,114 / monthEquity after sales costs: $260kExpected IRR of holding: 24%

Generally speaking, it’s most cost effective to acquire the real estate in the correct deed holder entity on day one as it becomes costly to transfer property.

However, in recent years, I've seen this used as a methodology of raising money to buy low barrier of entry real estate and make sponsors very wealthy collecting fees while leaving the LP's with nothing but capital calls and suspended distributions.

We usually cut a permanent dryer vent in the wall and use that to exhaust it to the outside (instead of hanging a hose out the window, yikes again).If you don't have forced air in a property (meaning if you have hot water radiators) a mini-split system is one of the most cost-effective ways to cool a house.

I'm not sure what the renovation cost would be to set this up for a rental.

Partner Driven financed the Linda Street deal using its own capital, covering the $200,000 purchase price and $34,000 in renovation costs.

Hands off ADU addition will cost significantly more than $100k.