Steve if you can go without buidling the extra garage below the ADU it will save a lot of money. if you can get two studios it will do much better than one ADU.

Its a lot of money to put into someone who's new to their life or the industry.

For a BRRRR if you are using debt most people will use some sort of hard money to purchase and a construction loan to fund rehab (unless you use cash).

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

It certainly isn't worth the money. 

My thoughts on this platform are that it's another money grab.

I have cash reserves and money in retirement accounts, but I don’t want to dip too deeply into my reserves.

You can also take a car ride and travel to Dallas, Houston or Austin.I think NYC is a good city if you want to work and make a lot of money. 

I think we could transition this from a medium term rental property to a nightly property and do well, but that would require more time, money and effort from me which I don't have at the moment as I have just acquired a large campground.

You will have to source these properties from a wholesaler, where you will have to put down hard non refundable assignment money at the assignment of the contract, or source them yourself.The steps to follow for a subject 2 property are as follows:1.