They need positive cashflow to help them build/maintain reserves for the downtimes.

Real estate is a long game, and while appreciation is a powerful tool for wealth building, it should be balanced against the immediate financial realities and the market's future outlook.I hope this helps!

@Marco Werner Be sure to analyze the total cost for building the ADU vs. the amount of rent you can get.

If so, I would also start building your investor database and talking with as many as possible.  

How would I go about analyzing, building, financing a project to attract well healed boomers?  

In the meantime you can start building your database of potential renters. 

.+ yes, that was also my initial reservation: a house that is filled with a bunch of beds is not a very interesting space.thank you for sharing that this isn't necessarily a mistake or the wrong way to go to build it out with a focus on design/experience more than utility.

I’m interested in building relationships to scale our knowledge and portfolios together.I’m so grateful for BP and everyone here! 

(He has not taken a salary from the nonprofit in 20 years- but the proceeds go to a cause he cares deeply about)  Currently, my sibling and I own 40% of the building, and the nonprofit owns 60%.

Hello BP, I'm looking to build my network and connect with other investors in the Riverside and San Bernardino County area.