Airbnb has been life changing for me and my husband, we have dealt with some real turds along the way, but overall we have had a really positive experience.  

In addition to ensuring that the room is built to the proper load bearing capacity as @Mike Reynolds mentioned, you should also keep in mind that you need a second egress point, such as an egress window, for any habitable room especially if it is designed for sleeping purposes.

Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.

And I'm now closing on another duplex directly across the street.You have to find markets with higher price:rent ratios if you want to BRRRR and still have positive cash flow after a refinance.That said, I'd be happy running a net cash flow deficit if I was able to BRRRR more capital out than I put in.

Trying to rent out a $1.4 million house is unlikely to cash flow positive as a long term rental - a lot of people in CA are doing mid-term or short-term rentals. 

The financial adviser that is establishing our lines of credit is charging 8% of the line of credit up front, with no additional payout to him thereafter.

This creates a negative initial position.

Building (additions & alterations) - review your condo declarations and bylaws. 

Are you a New York landlord looking to enhance your rental property's success while making a positive impact on the community?

Purchase price: $601,000 Cash invested: $450,000 Contributors: Jess Haas Rental Type: SFH(4bd) + ADU(2)Condition @ Purchase: Heavy FixerStrategy: Dormer Addition + ADU