Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.

They need positive cashflow to help them build/maintain reserves for the downtimes.

In this industry, people know people very quickly and reputation is everything-- when working alongside others on their financial futures/supporting local economies, truth is the hallmark of success.

Real estate is a long game, and while appreciation is a powerful tool for wealth building, it should be balanced against the immediate financial realities and the market's future outlook.I hope this helps!

@Marco Werner Be sure to analyze the total cost for building the ADU vs. the amount of rent you can get.

.+ yes, that was also my initial reservation: a house that is filled with a bunch of beds is not a very interesting space.thank you for sharing that this isn't necessarily a mistake or the wrong way to go to build it out with a focus on design/experience more than utility.

If so, I would also start building your investor database and talking with as many as possible.  

New construction around here starts between 500-700k, but nobody builds in Milwaukee proper, its all in the suburbs.

In the meantime you can start building your database of potential renters. 

Although, the industry kind of pulls a fast one on that.