PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.

If they are legit and you don’t have any other offers then I’d have the conversation with them but I’d want a higher than normal down payment (ideally 50% or at least more than the normal 20%), a higher than normal interest rate (at least a point above the prevailing rate so like 9-10% right now, but you can structure it as interest-only payments so their monthly payment is still lower than conventional), amortized over 30 but with a balloon in 3-5 years, something like that.

Conversely, if one side of the house sits on unconsolidated fill or on silt, it would settle or shift over time - once again, causing cracking.

Cheap hands off legal ADU garage conversions in coastal So Cal start at ~$120k (if all goes well).  

I am interested in working for a REIT firm or a private investor who can show me the ropes of investing in residential, commercial, and/or multifamily real estate.

And keep in mind private sellers and wholesalers dont help either when they wont entertain offers below ask either.

May be expensive but they are dedicated to private lender law, securities law and creditors' rights.

Can you message me privately to chat? 

query=garage#sear...If you can rent a 2 garage at $450 without spending ~$150k for a garage ADU conversion, no work/risk of the ADU conversion, the lower maintenance/capex, easier eviction, no rent control, less tenant interaction, it will not convert your SFR to rent control, etc, it seems superior to the garage ADU conversion.  

Hire a contractor or GC with clear terms for execution and completion.Secure financing early, whether through cash, private lenders, or hard money loans, ensuring reserves are included for unexpected expenses.