SWFL has a very difficult rental market right now.

True lines of credit on investment properties are difficult as a one-off deal.

If the zoning only allows sfh and two unit buildings and there are no other 3 unit buildings in the area within the same zoning district, that will be difficult to seek a variance or Special Use.

Paving the driveway, fresh paint or repairs to stairways/decks, adding some landscaping or a tree, and upgrading appliances like washers/dryers can all increase perceived value.

As codes continue to evolve, many cities are layering in additional requirements that materially increase costs.

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).

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

If your goal is long-term financial independence, the rules are very different.Long-term financial independence requires three things:Rents must increase faster than inflation.

Rates have increased significantly and there are less carriers willing to even do business near the coast.

First-time operators are finding it difficult to complete projects on time and on budget.Why it matters: Notes tied to stalled flips are entering default.