Considerations:-Cost to build at $350/sqft -Estimated value of 1,000sqft DADU (3bd / 2ba) after completion: $600K-Estimated after completion value of 2,000sqft single family (4bd / 3ba): $900K-Estimated after completion value of 1,000sqft ADU (3bd / 2ba) after completion: $550K The real question is, how accurate are the numbers and how much wiggle room do you have.

PMC RECOMMENDATIONRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Very few realtors understand how to accurately  calculate cap rates and many throw out high cap rate numbers merely to lure In unsophisticated investors who don’t know any better.

To succeed in hard money lending, know your local market well, value properties accurately, and carefully evaluate borrowers.

You can allocate expenses to each property/LLC during your accounting processes, but make sure to maintain clear records and documentation for each expense related to the specific LLC.Detailed Tracking: As you scale up, accurate record-keeping becomes crucial.

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.

I am getting very conflicting information online and am actively seeking a Real Estate Attorney to tell me more accurate information but still would love to hear outside opinions and thoughts.The property in question is SFR 4bd 2.5ba.

That’s not entirely accurate, as the cities surrounding Lexington benefit from its growth due to proximity.

A key lesson from the Mount Vernon Dr deal was the importance of budgeting accurately for renovations.