And your money is Trapped inside your house. 

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

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

With its strong demand for housing and rapid growth in various neighborhoods, you’ll find plenty of opportunities.

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?

IE - if any units are receiving Section 8 vouchers or other forms of housing assistance, Freddie & Fannie only look at the tenant paid portion of rent when determining whether or not the unit is Mission Driven @ 80% AMI levels.For example, let’s stick to the 2-bedroom $2500 Mission Driven 80% AMI cutoff example above.

What do you do when in house goes on vacation? 

Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too? 

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

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.