That's the opportunity.I also recommend engaging an 'investment focused' realtor (not the general residential ones) to guide you through the process and provide you with market intelligence. 

 (3 convention units +  3 ADUs) * 3 lots = 18 unitsIn general adding one ADU is not a good investment because there is no more expensive residential development than a single, small unit.  

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  

Whether you're interested in residential properties, commercial spaces, or real estate investment trusts (REITs), there are various strategies and approaches to consider.Real estate investing also involves understanding market trends, economic indicators, and demographic shifts.

Hey Robyn,In NYC, there's no strict requirement to have a bathtub in residential units.

As far as advising your parents to leverage the equity in the properties to acquire more deals, I would leave that to a professional familiar with the local market conditions and residential investment experience.

A friend of mine recently got a $2M umbrella policy for around $300 annually by bundling it with home and auto insurance; it’s worth exploring.Out of curiosity, are you primarily investing in residential properties or venturing into commercial spaces?

It will only appraise based on comps of similar residential properties.

Well, my original SFH purchased in 2010 still has its original S8 resident. I

My current insurance agent only deal with residential insurance companies.