Run your numbers as if it were a long-term rental too — that gives you a safety cushion.And don’t underestimate the value of a good cleaner and handyman — they’ll make your life much easier.Happy to connect and share insights as you move forward!

Tankless units hate inconsistent, on/off demandYour exact use-case, slop sink, occasional washups, random tenant usage, is where electric tankless performs the worst:Rapid cycling burns out the heating elementsSlop sinks often have low flow, and tankless units won’t even turn on under ~0.5–0.7 GPMFlow rate varies a lot with industrial faucets, and tenants twist knobs fastYou end up with “lukewarm water” complaints or units that won’t fire consistently.3.

The key lesson: with solid planning, strong funding, and consistent oversight, even major rehab projects can lead to exceptional results.

And I had a fire last year and they paid out great including an extra 16k for lost rent.

This would be done in a normal residential kitchen — no commercial appliances.I’m trying to figure out whether I should allow this or not, and I’d like to hear what others have experienced.Here are the key details and concerns:• Type of business: cottage-food style baking (sourdough)• No employees• Potential issue: customers picking up from the property• Main concerns:– Liability if someone gets sick or injured on property– Violation of “residential use only” lease language– Parking/traffic impacting the other unit– Increased wear/tear, fire risk, or sanitation issues– My insurance not covering business activity• Alaska does allow cottage food operations, but as the property owner, I know I can still be on the hook if something goes wrong.I don’t necessarily want to shut her down completely — it sounds small-scale — but I also don’t want to open myself up to unnecessary risk.For those who’ve allowed or denied similar situations:- Would you allow a tenant to run a small sourdough/baking business?

Working with Fire Realty Team to acquire my Rentals Units was a real pleasure.

Your safety net is asset-first DD: pull O&E, confirm lien position, inspect the collateral, and model exits before you wire.

What is important to you: safety over high returns, or highest return possible? 

What were your biggest lessons learned during acquisition?

Any major lessons learned you wish you knew starting out?