Many people would have difficulty adjusting to a sudden large change in their LARGEST expense (housing).

Perhaps the largest ssn diego ADU developer advertised prices based on noi and cap rate until I called them Out like a dozen times on this misleading and incorrect approach (assuming the ADU does not increase the unit count to 5 or more).

Kitchens get expensive quickly, even when you’re trying to stay “budget.”If you sell at $250k, make sure you’re backing out:Agent commissionsSeller closing costsHolding costs (insurance, taxes, utilities)Contingency costFor a first deal, I’d either:-Increase the rehab budget and aim for a stronger resale price, or-Treat this as a wholetail — fix safety and functionality, clean it up well, price it right, and protect your downside.Venice is a solid market, just make sure the numbers work on paper before you commit.

On top of that, there is usually a delay while waiting for parts to arrive and then scheduling a second visit, all while the tenant is without a functioning unit.At that point, replacement starts to make more sense for me.

System Controls and Thermostat Check: Verify proper functioning of controls and thermostat for accurate operation.

I just don't like the functionality of the Schlage.

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Their diligence barely scratched the surface, and their entire business plan was held together by assumptions that had nothing to do with how those markets or asset class functions.

The easiest ways to find an operator to lease a home to are:- RAL focused real estate agents/teams (uncommon in most places)- Facebook communities (we run two of the largest RAL communities)- A mastermind community (like the RAL Room) to match up with those that want to operate but not ownJust keep in mind that the home needs to be able to be licensed for RAL and suitable for it.

Over time, this doesn’t just tweak the system—it reshapes how mortgage lending, equity, and capital markets function.