That said, if you are working for a company that does not allow real estate in their 401(k) setup (most dont allow) then I can see where you might look at where is best to put my hard earned dollars. 

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

At this stage in my life, these equity plays are more impactful than holding onto a property for a couple hundred dollars of monthly cash flow.What’s your take?

If you can find one its Millions of dollars since those types of spaces ar3e close to beaches here. 

you are going up against people and companies that spend thousands or even tens of thousands of dollars a month in marketing. 

From digging into real time market data and calcualting cash flow.. to literally driving for dollars, you want someone with an incredible network of pros who can unearth leads (probate attorneys, divorce attorneys, local fix and flip circles) that might connect you with a ready buyer or flud tenant.

If anything’s not up to code, you’ll need to fix it before they sign off.As for costs, you’ll have permit fees—those can range from a few hundred to a couple of thousand dollars.

Do you think every investor made a 100%+ return on every dollar spent?

Also, what if you spend thousands of dollars on a brand-new DADU, only to have the seller reaqcuire the house?

You could also try looking up money judgements filed against local businesses at the magistrate level and target them with direct mail or driving for dollars.