I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

It takes a lot of time to build up a reputation in the wedding/event space.

I have done several flips from out of state, in the same markets as i was trying to build a team.

You will also likely be paying more than more experienced investors as you build your team and knowledge.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Think if someone like Public Storage builds next door. 

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

The contractor had done things wrong and he had fired him.

My wife is a Top25 Realtor in Ft Wayne, I'm a licensed contractor and home inspector.

Stay disciplined with your numbers, build relationships with local investors and agents, and be patient, good deals will come with persistence and the right approach.Good luck!