My husband is selling his rental townhouse and we are using that money to build an ADU on our property in order to rent it out.

Here's a balanced approach you might consider:Given your tenant's excellent track record and the longevity of her tenancy, it might be beneficial to handle this situation with an eye toward maintaining that good relationship.

I don't have anymore Ca properties but the Santa Clara Farmer's office underwrites an apartment building in coastal wa.

Building a rental portfolio How did you find this deal and how did you negotiate it?

My wife and I were gifted a .25 acre lot to build on in Lehigh Acres by her parents with the idea to build a duplex as we have no interest in living there.

Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.

Make sure the space meets local building codes and safety standards.Market Research: Research rental prices in your area to determine how much you can charge for the basement apartment.

New construction around here starts between 500-700k, but nobody builds in Milwaukee proper, its all in the suburbs.

I've been too busy rehabbing my 3 unit apartment building to really focus on anything else.But nonetheless, I have been keeping up with my less-than-professional deal pipeline.My first question regarding this involves raising capital to invest in deals.

From the description of the duties that a broker will help you out with, it sounds like this is the type of person that I really need from the get go to help me get started out right.I'm thinking one of the first calls I make is to call one of these brokers, and develop a good relationship with a good broker.