As for valuation, I see no reasons why a Junior ADU would negatively impact additional housing unit.

And your money is Trapped inside your house. 

What do you do when in house goes on vacation? 

If you happened to be in Jimmy’s part of Florida, and he was home, you could go over to his house, where you’d have a beer with him and personally learn “working a note” , “using recreational lots as down payments” and “real estate exchanging” right at the “masters” feet.  

as a flipper, with the participation of a wholesaler and a hard money lender, what actions should I take BEFORE I close and buy a house (tell me step by step please because i dont really understand the sequence of events) and also please tell me when to do due diligence to make sure how much does it cost to renovate the house and is it worth buying this house?

I went and checked out one of their houses recently for a flip.

Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.

I missed a lot of flaws in that house and I had some painful years as a result.  

My plan is to start house hacking.

Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down.