This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

Similar for bathrooms if virtually all are multi bathroom but you find a single bathroom, making it multi bathroom via new construction could be a value add.There are more sophisticated value adds such as add multiple adus via bonus density program.  

almost every youtube video ive seen. but I have learned my lesson.

This would be more of a multi-family buy and hold play. 

If you are just looking to network I would go the route of meetups locally (you can check above at the toolbar, hoover over forums then to the right you have events and meetups.If you are looking to wholesale and build a list of buyers that fix and flip for deals you may have then I would pull lists from 3rd party sites like Property Radar or propstream.

Not a book, but Bill Faeth has a lot of free, good content on his site and YouTube videos.

For the cost I’m getting quoted for new construction ($110-190,000) I can buy another multi family property which will cash flow more than just the ADU ever will.

Hey everyone,I feel like I'm late to the party with AI. 

Prices are through the roof in this current market with low inventory and single and multi family properties just don't pencil out.

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?