It can be a drawn-out process, but it might get you closer to that $500k value.

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

When did real estate become simpler for you in your process?

You can always leave and repeat the process and rent out your old living area.  

I was in the process of about to get into the real estate world of investing until this occurred.

I’m looking for a tax pro that will assist with understanding and maximizing deductions and business expenses, but also guide me through the cost segregation and accelerated depreciation process. 

We take care of the entire process—from sourcing and purchasing properties to managing renovations and the final sale or rental.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

Possibly already permitted outbuildings that already have plumbing such as workshops, offices, etc might be able to be converted to an ADU at a cost that does not result in the cost being more than the value added.Building an ADU is a lot of work and can be a slow process.  

When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.