I have been saving money for a long time and looking to finally make the jump and purchase an investment property.Im focused on building wealth in my property, renovating it, and keeping it for the long term.

It looks like the street is full of attorneys, real estate, and other reputable businesses, so the location looks to be strong.Exterior looks nice and fits with surrounding buildings.

An absolute headache to deal with due to corners cut by the builder (we are outside of the build warranty). 

Here in FL, you can build out an ADU for under 3k in total fees.

(Although if I can use less that’d be fantastic)  My fiancé (getting married this year) will also be able to qualify for Real estate professional status, which should hopefully help us with taxes.I don’t really need cashflow in these first few years at least, I’m more than happy to keep working and using that income to build our portfolio.

Building relationships with buyers and having a database of active market that specifically has cashflow.

It will of course affect your tenants directly, and your house meter on multifamily.Disclosure: I volunteer for the EV Charging for All Coalition, a non-profit working on building code policy for multifamily EV charging.

Better yet- buy something with a reasonable value add, which gives you more options at refi time due to the equity you build. 

Work such as building furniture, hanging tvs and pictures, replacing fixtures, etc. 

If you do not have a team I would start building one.