@Alecia Loveless I don’t put much weight on sales comps when looking at MF. 2 exact buildings can be side by side and be worth two totally different prices based on the income it produces.

So even if your income producing asset is out of state and taxed.

It will produce those reports you are looking for.   

If you start a business, you will be working more than 40 hours a week but producing a lower than average income for at least a couple years.

Your wife might qualify, depending on how much real estate work she will be doing and her other income-producing activities.

Use google and see the top producers and get on their list.

Thinking that rent appreciation is going to produce positive cash flow in 2 or 3 years is too aggressive a pro forma for my liking.  

It is my belief that building a hands off ADU produces a lower return than most other RE investments.  

Multifamily syndication produces truly passive income.

You now have enough spread in the property to potentially absorb the cost of repairs, produce cash flow and/or set the buyer up with an equity position or cash out opportunity.