Once you’ve finished renovating, you can switch and rent out the newly upgraded half at a higher rate, then start renovating the other half.Experience and Skill Building: After two years, you'll have a duplex with both halves nicely renovated.

The key is to save a decent amount for that rainy day.If you're buying a newer house with upgrades on the major systems -- roof, furnace, water heater, sewer, and appliances?

We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

Did not foresee having to update ALL the windows (initially thought only a few were bad), but all of them had seals broken.

Considering the concept "you make money when you buy" how would you reconcile that against your recommendation that a new investor starts with a turnkey rental vs a property that needs even minimal work so there's equity in the property after repairs/upgrades?

3) Have you considered ADU upgrades?  

The city has been re-inventing itself over the last decade, downtown looks very different, we are currently getting an upgraded freeway system and you see a lot of new developments.

The tenants love her, she stays on top of maintenance, has implemented upgrades to improve the property and drive rent increases (much to my dismay, LOL), organizes fun themed events with catered food for tenants, manages evictions and oversees the building's Section 8 program.

Main house will rent for $3k/mo once upgrades are complete, and if we ever decide to move out.

As a Pro member, this premium upgrade is 100% FREE for you.Access a suite of premium powerful features, including:Expanded Data Access - You now have the opportunity to build a comprehensive database of 5,000 property records, giving you more opportunities than ever before to find your next lucrative deal.Advanced List Builder Filters - Say goodbye to generic prebuilt lists.