Good call, Noel—licensing and insurance are critical, but in Tennessee, a contractor’s license is generally required for projects totaling $25,000 or more, including labor and materials (See Tennessee's licensing requirements).

Many even include a set monthly amount.

. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.

I've tried to include relative information, without writing a novel. 

Federal ProtectionsFederal protections against predatory lending begin with a veritable alphabet soup of legislation, including TILA, HOEPA and RESPA.13. https://www.lexology.com/library/detail.aspx?

 $9k/$72500=12.4% Rate of return (not including any closing costs which would reduce this return).  

Please DM me your email address and phone number if you would like to be included. 

Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.

Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.

However, does that include people who wouldn’t qualify?