For those with experience, what has worked best for you?

I'd like to engage a couple more for bids.

Anyone ever buy out this way? Thoughts on the pros and cons……. Any contractors go out this far?

It also means shared responsibility, making him a true partner in the venture and encouraging greater engagement.

They “optimistically believe contacting an attorney is the same as engaging an attorney; that engaging an attorney is the same as sending a demand letter; that sending a demand letter is the same as filing a lawsuit; that filing a lawsuit is the same as obtaining an injunction; and that obtaining an injunction is the same as winning a case; and that winning a case is the same as perfecting a judgement; and that perfecting a judgement is the same as collecting on the judgement.  

Hey Jackie, my partner in builds them in the greater LA area and has clients he can likely connect you to to share their experiences with ADU builds on single family lots.What I will say is that, per the math investing around $200,000 in an ADU that is around 450sqft 1Bed 1.5 bath can rent close to $1800+ in the area.

When you have the confidence & experience branch out and do one yourself.

Once the property is owned directly by the partners, each partner can individually decide to engage in a 1031 exchange with their share of the property.

I’m excited to learn from your experiences and advice.

Sounds beneficial but for $5K, I want to hear a person's actual experience.