It’s nuts.

Others are more patient, preferring to wait for the lower-cost option.Which camp do you fall into?

Just buy and hold, do some updates over time and then cash out refi in a few years as it’s appreciated. 

It's not comping, it's not the contracts, it's not knowing what a rehab on a property is going to costs, it's not your sales skills...Most struggle in real estate because they think like a real estate agent.They don't think like a marketer.Hear me out.Once you think like a marketer, that's when business happens.That's when you as a real estate agent actually drum up business.Spending time with your broker at a coffee shop to analyzewhat neighborhoods are best for opportunity is pointlessif you have no one to talk to who is buying or selling a housein said neighborhood.Without leads, everything else is almost pointless.You can learn all that other stuff rather quickly.It's the difference between just in case learning and just in time learning.If you're not getting leads, you're probably spending a lot of timedriving clients around and/or taking listings you know make no sense.

Wondering if paying for a staging tool is really that efficient or useful for getting a client to the finish line. A lot of those tools take around 4 hours to produce results, and I just can’t wrap my head around cust...

If you have an exception to your system, you do not have a system. 

Once your portfolio starts moving beyond a couple of buy-and-holds into BRRRRs or more complex structures, taxes and compliance really do get trickier.

My point --> this is not a reno & it's probably more complicated (risky) than building ground up. 

At that cost and rent point, it will take many years to recover the negative equity position.https://www.nar.realtor/magazine/real-estate-news/study-adus...Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment (some of these may not apply in Denver, especially I do not know the rent control rules in Denver):1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

If they’re open to development or even selling it under an installment sale, they can control when gains hit their tax return.