However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

As far as its value, I'd agree with @Ian McDonald that it is something you could build yourself with the right amount of excel expertise and plenty of time.

Buy in a market not too far away, 30 to 1 hr from a decent city center where values are reasonable and a city push out with help your rent and appreciation. 

I had one overall criteria and that was could I create additional value and could it pencil. 

If you actually can, then "put your money where your mouth is" and I'd only expect to pay you a percentage of what you could actually save me.3) Property Tours: not sure who much value you could add to #2 above if you didn't walk thru a property?

Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.

Yep, every deal needs heavy value add, complete re-tenanting or something else to make sense.

We are very excited to hear that you have found tremendous value in the RTR Academy!

Also, if you have a below market interest note, if you wanted to sell that note for any reason in the future for liquidity you would be affecting the value of that note negatively.

Shock value. lol We love to see it!