I think Cozy will also work I just prefer the look and feel of the Simplifyem website better.

There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

I recognize this is not the sole source of return, but the other sources have their return increase with smaller equity position. 

Are they part of the pref equity position?

This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability​. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.

With a positive mindset and a commitment to our visions, 2025 holds the promise of becoming a transformative year for us all.

Or the listing agent includes it in the property info on their website, or shares it when a showing is scheduled.

We do not verify identities, that would be a bigger lift than we are capable of currently, however it is against the rules to use a false identity per section 2.A of our website rules here https://www.biggerpockets.com/rulesSo anyone discovered using a false identity will be removed if they are reported to spam.

On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.

(MLS/Realtor.com is propogated to more than 30 other websites.)David KrulacBigger Pockets Podcast #82