In my past experience, agents have glossed over things that, as soon as I was at the property, I realized were serious issues.

Your comments make me realize there is a detail I should have included--I am looking exclusively at vacant lots.

Yes, I think, like a lot of topics that get passed around real estate circles (like 0 down physician loans...which I have never ever seen one actually close haha) there are these mythical products that people don't realize may only exist at one small bank in one small corner of the country and not actually be available to most.

Also realize your insurance is based on the number of units as well.  

I noticed later the principle wasn't going down then realized the terms were 'interst only'. 

Another way she could have phrased things is ‘I realized I had to file bankruptcy, and I caught a huge break because it turned out that all my debt was forgiven, allowing me to begin saving and get on a better track earlier than I anticipated.

@Nathan Gesner To build on this conversation and break down the details for Bobby and others (and please correct me if I'm worn here Nathan), I’ve analyzed the numbers and realized that unless you purchase a property at a very low price and/or pay in cash, financing can significantly reduce your ROI.

I've reviewed the ADU rules on some of the different city's websites, now I realize how much variance there is just within the county...For example, Santee has a new owner occupancy requirement that will go into effect on any ADU's permitted after 2024 and a strict no STR policy, La Mesa on the other hand seems really ADU friendly.Does anyone here have recommendations on which cities in SD county to avoid and which to explore for ADU's?

I've decided to put the excess in a savings account just in case the city realizes the mistake and wants the money back.

Till you realize for what deductibles and have an actual need to file a claim.