You can get no interest for two years if you put them on the IKEA credit card, so even better - but only if you're really detailed and can keep track of the payments so you don't miss one, and pay the whole thing off before the end of two years - otherwise you pay interest on the entire amount of the purchase for the entire time.Note, IKEA discounts come in the form of IKEA credits, so when you purchase your kitchen, purchase half of the cabinets, get the credit and apply to the next purchase, to maximize the savings instantly.

Assuming all this checks out, and you're living in the studio to maximize the rent in the larger areas, way to hustle!

Dave Ramsey is great when it comes to financial defense (getting out of debt, staying out of consumer debt, budgeting, getting a couple on the same page financially, living below one’s means, etc) but he is not good when it comes to financial offense (how to grow one’s earning capacity and maximize investment returns) and he is not good at explaining the playing field of money (understanding money conceptually, how we are on a debt monetary system rather than an asset monetary system, and what the financial matrix is and how it effects us, and so forth).I think Dave Ramsey is helpful to those who don’t have a clue about money and who don’t really want to learn about money but who just don’t want to be destroyed financially by debt.

The tougher part will be the project management to maximize cash-flow during the rehab period (if that is indeed your goal.)Hope that helps!

It’s very functional and I really don’t maximize all of its ability since I only have 3 units.

Yes, theres a certain  thresh hold of income needed to support those but your goal is to maximize those things not your gross revenue.  

I added coin operated laundry, rent my garage spaces at $125 per door, $25 per basement storage etc. maximize your square footage whenever possible. 4 units are nice as the city takes care of the trash as it’s included, anything larger than that you will need to rent a dumpster.

My goals are to maximize long-term value; cash flow isn't important.

The better approach would be to: a) Find the best Investor/Agent you can and figure out the best way to maximize the relationship;b) Have an open line of communication and let them know, up front, that you plan on working with another agent, and why.c) If you're hiring someone for their local knowledge, then they should not have a problem with your working with another agent in another jurisdiction, especially if you're crossing state lines.

Luckly, the primary residence next door has a 300 square foot workshop so that I could keep all of my tools on site and work on these projects as often as I can without having to leave the house.Does anyone  have any advice on how to maximize this opportunity for passive income?