@Dana Sziklay ReynoldsHi Dana,I’m torn about investing in Melbourne , Perth or USA.The prices in Melbourne are crazy and I’m not sure if I would be able to make as much growth in Perth market.I’m in the research process now if you have any thoughts about it please let me know.Great meeting people from Perth on BP.Hopefully we can meet sometime for a coffee.

@Scott Suryan we've review REI Nation's processes and met Chris - if we ever did turnkey, we'd model it after their systems!

Would love to hear more about your thought process as I’m prepping for my first multifamily deal, too! 

Good luck- shoot me an IM if you'd like more info on my process..a little bit of background research and some phone calls can make your sq' price swing back a lot. 

To my understanding, the deed should still be recorded before that as this happens as part of the recording process.

Our private money lender on this flip was very reasonable through this whole process, as we had to navigate many gray areas and difficult decisions. 

Are there companies that specialize in helping with this process?

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

I'm actively working through this process somewhat now so I can roll funds into a bigger boutique hotel project.

I decided to go on with the property in Kenmore and went through the process.