A new construction ADU will be appraised significantly less than the hands-off construction cost.

I am a twenty year plus licenses GC who has built over 100,000,000. in commercial and residential construction in the NY, NJ, PA, CT and CA marketplaces.

The already-constructed home is one point on the base of the triangle, and the other plots comprise the rest.

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.

I was once told jokingly that we bet on the jockey, not the horse.Next comes the property.

.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction. 

But, is this a 2020+ construction or a 1950's construction?  

Current Construction Co. and Resolute RDM have acquired this development project in Lebanon, MO.

You do that, it's going to be best place to start because I am betting from there you will seek how to simplify things.