This would take a decent amount of investment to improve the kitchen and bathrooms.

The big issue is building a single small residential unit is the most expensive residential development.Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

What are the key benefits of investing as an LP compared to direct ownership?

If you can get to 10 over a 20-year period, you will change your life and look like a genius.Increase earnings, reduce expenses, save, and invest.

Make sure your website or social media clearly says you buy investment properties.

So, being an agent is detrimental to investing.   

When that happens, it becomes a race to the bottom.I'm not saying don't invest there, but be extra cautious and maybe look for something that makes it unique.

Hi everyone, I invested in my first property (a 4plex) in Carson City in late 2022.

Quote from @Eyal Goren: First time investing in Cleveland. 

I invest primarily in Pittsburgh and if you asked me I'd probably try to talk you OUT of investing here unless you're willing to follow the steps I outlined about getting situated