I'd also suggest running some for-rent ads, to see what type of response you get.It's notoriously difficult to accurately predict ARV on these types of properties, because they're so niche, and the market for them is usually completely different than the market for more standard properties...For instance, a lot of lenders won't provide a mortgage on a property for less than $100k--and if that's the case in your area, that would mean that the only potential buyers for the property are cash buyers, which makes selling the property more difficult.  

I am learning a lot    I agree but in todays world where "seller financing" and creative financing are the next big thing, MOST of those situations neither party is getting title insurance.Here is an instance where I bought a property and had a title claim.

The permit timing and nuisances depend on what part of San Diego county you are in, whether city of San Diego or different parts of the county such as La Mesa, for instance, where it took me quite a bit longer to get a permit for an ADU conversion than it would have taken in city of san diego...I'm 3 weeks into construction.Good Luck!

For instance if they sold their old property for $300K and were buying the new property for $400K your client needs to take title to at least 75%. 

Hello BiggerPockets community,I'm having some confusion with standard practice for 'First, last, deposit' collection in the scenario that the first month will be prorated.Say for instance: My property has a rent of $1000 monthly with a deposit of one month's rent ($1000), and a targeted lease start of the 15th.Given that rent will be due on the first of every month, what is the amount which should be collected for the initial 'First, last, deposit'?

Any other suggestions on how to prevent these instances from reoccurring short of having them apply before I show the units?

For instance. 

However, I can’t condemn a method of financing that has proved successful in many of not most instances in allowing participants to accomplish their goals because it’s being misused by some disciples of irresponsible real estate “priests” 

In this instance, an appraiser may assess the Cap Rate of the Starbucks to be 5%, while the mom-and-pop shop is assessed to have a 10% Cap Rate.

(There is also the multi-family house-hack where you buy a duplex, live in one side and rent the other, but A) those are harder to find and B) the numbers don't work as well as rent-by-the-room.)So for instance, in Denver or Colorado Springs here, house-hacking would be buying a 4-5br home.