I ended up not even going STR after digging into her projections and finding out they were not realistic and were just based on city-wide data.

.: Quote from @Wale Lawal: Los Angeles LA 🔥🧯💔Our hearts and prayers go to everyone impacted by the Los Angeles wide fires 🙏You will overcome this adversity and disaster 🙏Let's not point fingers but pray for peace.Thank you all.This brother!!!  

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.

Hey Jeff, This is a great question and one we get all the time as we specialize in working with real estate folks, but the size of the portfolio can vary widely. 

For example it was widely reported that US commissions were previously fixed at 6% and the lawsuit ended that (the article you referenced makes this false claim also, and frankly is terrible reporting IMO).

There is a city wide ruling that it isn't allowed.

ADUs can significantly enhance your property's value by adding living space that can be used for rental income or as additional living quarters for family members.The increase in value from an ADU can vary widely depending on several factors such as the size, quality, and functionality of the ADU, as well as its integration with the main property.

A very wide range of property managers are incompetent and feckless.

Now I not saying to not take the deal... just go in with eyes wide open. 

We are looking for lenders that understand the market (we are in Lousiana and are casting a wide net due to flexibility) and that will fund our first deal(s).