Market rate right now is $1200/mo and with renovations (quoted 60-75k in labor) it's hard to say because there aren't much data points, but I think I could fetch $1500-1600/mo.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

But I started at a different time in the market cycle, and attribute my success to date to luck and caution, mostly to luck.

Please let me know if I can bring any value to you about the markets I've referenced.

But in the competitive Los Angeles market, I had to put up additional cash on top of the deal in order to have my loan taken seriously.

Spending some on marketing/mailers/trying to find motivated sellers would be a better use of your money (in my opinion).I downloaded one of his "free" blueprints to building wealth flipping vacant land.

The real question is how many units are being built and what does net migration look like on top of demographics.I can answer the question for my market Milwaukee, because I have been tracking these metrics locally for the last 10 years or so.

Pick a market drill deep into that market, learn the market and success will follow.

Assuming your market is similar, I would add an ADU not primarily as an investment.  

Funds currently being held by QI.