@Brady Bitter these funds have margin requirements. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

We can close on $50,000 to $50M (note a company doing multimillion dollar deals is not doing $50k deals)

You can usually request this from a title company or look into public records in your county’s clerk or recorder’s office.If you’re not sure how to navigate this, contacting the auction house or a real estate attorney familiar with foreclosure auctions can help ensure there aren’t surprises.

You have numerous funding options so pick your poison.

Old post but I figure I would comment here... my Company, Maven Cost Segregation has done studies on projects like this.

Do you recommend making relationship with property management companies?

Building an ADU is a nice way to add value but you won't get that funded by a lender. 

If something breaks, the management company fixes it. 

I use $2500 to pay expenses and save what's left in a fund for repairs etc...So I can count on approx 5K/month in gross income.