Doing all 3 scenarios here would cost about 1M$ to 1.2M.The numbers are:- Purchase price: 1.5M$- Current mortgage: 65% LTV, 2.55% 30y fixed- Property taxes: estimate 25k$/y- Current rental income from two 1bed/1bath units: 2200$/m each- Previous rental income from the 2bed/1bath house: 3600$/m- Property mgmt: 12%- Quote for garage ADU conversion: 500k- Quote for remodel: 400k- Quote for JADU: 300k- Estimated rental income from ADU conversion: 3500-4000$/m.- Estimated rental income from remodeled house: 5000-5500$/m.- Estimated rental income from JADU: 2500$/m.Concerns we have:- There's no comp in the area that sells for more than 2.5M for a setup like this.

Morning,            My current accountant charges me $725 to do my taxes for my three properties.

I will be sticking to my current method of one account for deposits and then transferring the money around.

They truly are the most knowledgable tandem currently in the MHP investing field. 

My experience is that generally, if you are not doing work on a portion of the house that you don't need to bring that portion up to current building codes.

After over a decade in asset management where I currently oversee a portfolio of more than 45,000 apartment units nationwide for a large Fannie Mae/Freddie Mac lender, I am finally ready to get into my first small multifamily buy and hold investment.

Aside from looking at other local PadSplits in the area, what are some other forms of identifying current market rents for rooms in an area that is not prevalent in PadSplits currently. 

Despite not currently owning any properties, my eagerness to delve into the realm of real estate investment is matched only by my commitment to forming strategic partnerships with seasoned professionals like you.

@John O'Leary  I kind of have the same issue, but it's a condo in the building where I currently live.

Hello,  I am new to rental property investing, and currently in escrow for my first property.