We have been lucky so far but landlords are increasing rent insanely around here because there is a housing shortage. 

I’d also recommend starting slowly with a smaller property and increasing to additional units or buildings after you get some experience.

I’m planning to update and repaint, maybe increase rent on one side to 3000-3100 while I live in another unit and replenish to legalize garage space.Monthly payment: $7033. landlord pays for water, everything else is separate.It just feels very tight in the beginning before getting ADU gets legalized. 

After researching, we found that converting a single-family home into a duplex could cost around $200-300k.

TenantCloud is cost effective, starter property management software you are can with.

Just interested in seeing how other investors are viewing rent increases going forward.We're mainly buying in DFW and projecting 0% growth for the next year, 1% growth for the two years after that, and 2% yearly growth after that.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

These kinds of fees are increasingly common in Florida.

@Jose Jacob Does this 1% here mean the percentage of the total cost (buying price + renovation).I see a lot of 90K houses but they might need another 40K in renovation.

Our average tenant stays 12.5 years, which reduces vacancy (an underappreciated factor) and fixup costs to re-rent properties.