I'm considering an ADU on my Bay Area SFH - haven't gotten estimates yet.#2 could go with Central Valley (my local agent suggested Turlock), Sacramento area (was considering this area and maybe doing a LTR and MTR/STR on a duplex).

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

I don't have much experience with anything outside of rental properties but i am very willing and open to go into a whole new direction.What I own so far:One Multi Family Building (4 Units)Six Single Family HomesThe Multi Family Building and one of the SFR are owned free and clear (Estimated value of $2.3 Million combined).

I realize it can vary by area, but is there a formula for determining a general ballpark estimate?

For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

The current population of Carolina Forest is estimated to be greater than the population of Myrtle Beach. 

"Get three estimates."

I estimate the current value to be around $360-380, and I owe $182k.   

At the time that we signed, Ryan and his construction manager estimated that the project would take about 3 months.

Retirement Accounts:Conservative estimates suggest real estate investment could more than double the value compared to leaving funds in retirement accounts.Best-case scenario projects nearly three times the value through appreciation, rental income, mortgage paydown, and tax benefits.Conclusion:Investing retirement funds in real estate offers significant potential for financial growth and diversification.