You need to know the existing performance and project the value you can add to it.

According to the complaint, Zillow paid Redfin roughly $100 million in early 2025 to exit the rental ad business, end existing contracts, and stay out of the market for up to nine years while funneling listings to Zillow.

Split the existing facility into more rentals. 

And make sure my existing rents are fairly close to fair market value.

add attic (was partially existed) Lessons learned?

Normally, when you sell a property and keep a pre-existing loan, it is called a Wrap.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

It exists but the borrower needs to have a track record of 5 or more flips exited in the last 3 years.

I’m glad to be here, and I’m looking forward to learning from others while sharing what I’m seeing locally.Here are a few observations from my side:In Phoenix, the model works best where floor plans allow for simple bedroom conversions, tenant demand is strong, and zoning is not a big obstacleRents in this space have stayed solid even while the luxury rental market has softenedNationally, PadSplit recently crossed 25,000 units in 25 cities and secured $40M in Series B funding, which shows how much demand exists for workforce housingFor those of you in other markets, are you noticing similar trends with shared housing or workforce housing?