When you get a deal that doesn't make a good rental, but makes sense for another investor as a flip or short-term rental, then wholesale it.Wholesaling: focus on marketing for off-market deals at huge discounts.

Check with the housing office on base.If the property is negative cash flow, then you need to decide if that still makes sense.

And maybe reading that will help give you some ideas as well.Hope all of that makes sense but feel free to reach out with any other questions. 

It is my understanding that many California markets make sense from the standpoint of future appreciation as opposed to immediate cash flow.

Ultimately, if the numbers make sense for your than move forward.

Assessment has nothing to do with what you paid anyway.You father can sell the house for a dollar in that sense does not mean they will look at that number to decide the value of it.

Now, I’ll discount that to seal the deal, but just trust that there are places to invest where the numbers make sense.

Would it make sense to setup the one LLC to house my interest and management?

The title company is not very open to the idea of escrowing money so looking for a way to get them to agree to it if that makes sense.

Secondly, if the appraised value is less than replacement cost, ADU does not make sense for a value add.