If it gets to the point where the city is issuing fines, the neighbors will be long since annoyed.

Once they moved out their belongings and are no longer sleeping there, you can generally take possession without eviction.

After doing this for 20 years and doing 3,000 transactions, I realized that most associations have too much control and have the power to increase fees when they please, making it very hard to determine what your actual cash flow will be long term.

.$3,000/month x 12 months = $36,000 annual ADU rental income$36,000 income – $5,400 expenses = $30,600 net annual revenue$30,600 revenue / $225,000 investment = 13.6% annual returnHere are some things to consider with regard to ADU amenities to optimize rents:Storage: ADUs are generally pretty small and usually don’t include a garage, so it’s important to include areas for tenants to store their belongings.

What resources are there to determine what class a neighborhood belongs to?

After doing this for 20 years and doing 3,000 transactions, I realized that most associations have too much control and have the power to increase fees when they please, making it very hard to determine what your actual cash flow will be long term.

Especially if they are dependable and are good at cratsmanship.I have belonged to networking groups for years and the position of handyman is the hardest to keep filled.

Our intent is to be long term buy and hold investors Phase 1: Construction Construction time is ~12-13 monthsWe’ll fund construction with a commercial loan @ 4.99 fixed for 20-yrs w/ 25% down (~67K after closing costs / 3-4 draws during construction at interest only)Additional carrying costs include insurance, property tax, etc. (~$200 - $400 monthly)Current net cash flow from existing REI will cover construction time related carrying costs Phase 2: Post Construction / Tennant Occupied Rent the three units for $1200 each unit / $3600 total (our team feels we could yield ~$1300 – $1400 per unit present day.

I said, "doesn't sound like an emergency, I'll get you guys a screwdriver set, but there's different screw heads that I'll have to show you if you never done it before".On the other extreme, I got a middle age tenant who used to be a home improvement contractor, belonged to the sheet metal workers union working for a municipality, was furloughed at one point.

If it were mine, I'd tell her NO, and repairs will start on X day and you GUESS will last until X month--but could be longer because sometimes good contractors won't go down into Detroit.