The last thing you want to do is say the wrong thing (without even knowing it) and getting yourself into trouble and prolonging the process.

However, at this price range, chance of something happen is much higher: Tenants are not sustainable, location is questionable, vacancies might be prolonged and bunch of other risks.OP should have reserves at least 6-8 mo of expenses set aside plus reserve for repairs if property is vandalized.Disclaimer: I'm not criticizing - I'm pretty risky about my investments also.......so I just tell how it works in real life and what to expect.

Rising Labor Cost, increased government spending, and prolonged housing shortages are the main pressure points.

This helps eliminate unnecessary labor costs and avoid a lot of weather delays that can prolong an ADU project.

In terms of the sweet spot, you need to find the owners that have their assets for a prolonged period of time with more than 50% equity in it and older people that will probably want to either downsize or move down south closer towards their retirement.

How will a prolonged selling period affect your net profit?

Banks usually only lend on specific houses, so each time you find another house you want, you go through the same prolonged approval process, and ... well, you can't expect to get a different outcome than the outcome from the prior opportunity.

Let the seeler know it's this attorney guy screwing up his deal, that if it is in default it could go to foreclosure, an attorney will take him to bankruptcy, prolong the agony and in the end, credit will be worse, the house will be gone and the attorney will be richer!

Retail can be high risk as vacancies can be prolonged.

Generally, if you have a casualty or theft loss, you decrease the basis in your property by any insurance or other reimbursement received and by any deductible loss not covered by insurance (i.e. a reportable loss).You will then increase your basis in the property by the amount you spend on repairs that "substantially prolong the life" of the property, increase its value, or adapt it to a different use.