This also added AC to the property which it didn’t have before. 

I wouldn't go into it with any preconceived notions of what the owner's intentions, situation or motivation may be.

It comes down to how each county handles property tax valuation.To put it in generic terms - a title company & lender will base your initial mortgage payment on the property taxes of the previous owner.  

As an out of state investor, I would love to connect and potentially have a property manager in my team that experience in Section 8 rental. 

Why not use your IRA to just buy the property? 

If an investor can get a low interest rate and free property management properties will cash flow.  

I am on the Neighborhood Building Owner's Alliance weekly calls, and we had this ADU issue come up.

I've not yet invested in my first property, but I plan to purchase my first one by the end of 2023.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

We simply charged 1% service fee.. so if the coupon ( in those days was 15%) We dragged 1% and divided up 14% to our fractional owners..