Try to have a sit down meeting with the HOA board which may only be three people.  

There is alot of growth here with Wellen Park being built currently but it tends to bring wealthier people in where my home is a 900sf 2/2(not so desirable for them.  

These two contractors may not like that area, or just had one bad experience, so it would be great if you could explore more of what other experiences people had/have in the city. 

Most people have the last 30 months. 

I know people that have had great BRRRR success in Detroit and Memphis, including myself.

So let’s assume with realistic expense estimates over 1st 5 years you average $250 in today equivalent dollars (it will be a challenge at that starting point).The ADUs are typically receiving valuations below $100k, but let’s be generous to show the scope of the people and say it adds $150k of value. 

@Armani Pimentel Yes, I believe that wholesaling is generally not the way to go, because it is getting banned, there are people who try to take advantage of aspiring entrepreneurs like you, and it is extremely low probability. 

upside is you can open up your tenant pool to people who have resources for their own home but may be missing some of the traditional bank qualifications.

REI is for serious people.

You've gotten a great response above from @Michael Plaks I'll also note that for this or any similar "strategy" people come across to just step back and ask the following: Does this have a genuine profit/business motive?