By the way AB 2533 (Carrillo) – Unpermitted ADUs extends the protection of existing (not newly built) unpermitted safe units of SB13.  

Cooler than Texas and no hurricanes. 

Maybe you refinish the existing wood floors in the bedrooms rather than install new flooring.

You cannot refi most loans without an existing tenant and lease in placeBeing out of state complicates things a bit here. 

Free cash flow and lessening physical and financial burdens is always a plus, it should probably be included in the business community goals I think leveraging your existing business cash flow to diversify your income portfolio is awesome!

In my existing scenario I am pro managed at Lowes and use their Lamex for purchases (though I maintain accounts at Depot and several specialty companies such as Ferguson, Platt, Stoneway, etc).

So many more people on here more qualified to answer this than myself, but my thoughts....Have to focus on areas with existing infrastructure. 

I have learned a ton on these forums though I’m posting for the first time.what does not get mentioned enough is that if you want to scale slowly using low money down FHA/conventional loan approach and live in there for 1 year, at a time, you should not write off all the rental income on your most recent tax returns for the existing rental properties.

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

I just started my due diligence phase, but the first thing I need to do is better understand the financial feasibility for the project, and how the return might compare to other investments we have undertaken in the past, which have been mostly acquiring existing buildings and renovating, not new construction.