I receive almost daily communication on the status of my portfolio, units, etc.

The property is located in North Miami, FL. I'd say it is a solid B class location 5 min driving to home depot, whole foods, publix, LA Fitness. 12 min driving to Surfside beach and Bal Harbor. Sales price: $900,000Se...

Hello, I'm very new to RE investing, although I've been a landlord for the past year...this is probably a very basic question, but nonetheless it puzzles me - what is the most correct way to calculate ROI for a rental unit that has been converted from a primary residence?

Hi Kevin,If you can get your VA loan back by refinancing the one you have outstanding that might be a good option for you to take down 2-4 units.

Property Value: The DIY option is viable for properties with improvements under $1.2 million improvement value (acquisition cost minus land allocation), covering most 1-4 unit dwellings.

Now you can imagine how this goes from here on out, but using similar numbers to the unit you have.  

There are not many multi-family options available in my local area, and the ones that are available are overpriced or the current rent rolls are extremely below market average($200-$400 per unit).

You're speaking my language ; ) We've been buying and renovating properties that have ADU potential for quite a few years now and about a year and a half ago converted one of those ADUs to an MTR and it is working out great.

I am a longtime landlord that has normally just rented my unit to individuals after I complete my normal background and credit checks. 

I'm interested in a 5-unit or larger for my next purchase, depending on any number of other factors.Happy to be here and looking forward to making great connections!