Good afternoon fellow investors,I just closed on my first rental property, which consists of a main house with 3 attached smaller units (efficiencies) - this is very normal in this area- , everything is on one meter.The previous owner used to live in the main house and therefore all utilities were included in the smaller units's rent payments.

@Donnie M.We recently closed on a a couple of units in Enterprise.

Account Closed   You have 17 refrigerators, all with ice makers and none have broken, in 24 years, what brand?   

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 can be highly profitable but making quick repairs  is the number one way to stay profitable. 

I know we won't come close to covering our living expenses of around $130k per year initially but I need to make a change.

You will get 20% penalty on day 1 & additional 10% over 1 year.3) My experience with GA tax deed redemption rate is under 40%, Usually are the closing agent goof up on the closing without paying the tax.Hope this helps  a little

It's a pretty good deal in our minds, and we are inclined to stay there because rent is so cheap.

@Andrew CosmeYou should close just as if it was a normal sale and get a title company to create the loan docs, get title insurance and sell you the property.I strongly recommend you go through a title company and do not do a closing that was based on docs found online etc.

Had you known during stay, you could have improved the quality of guests stay.