Neither of those pencil out.I think you'd be wise to save the money and find your own leads.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

We also find that most flippers are working with contractors who are not quite large enough to get deals from distributors.

Quote from @Matthew Brown: I'm looking to find others invested in the Fairway America Vivo Rancho Cordova syndication deal to discuss their experience with this investment and Fairway America, overall. 

Then they realize it didn't and they need to find a new way to make money to keep the real estate investing going.  

If you find something wrong with the property after you have an inspection, this is the point where you can negotiate the price or have the seller fix the problem.

How did you find this deal and how did you negotiate it?

I can assure you will find alot of helpful tips and information here.

Removing the carport will cause property to lose value tooFinancing an ADU can also be expensive and tougher to find.

My biggest piece of advice would be to find someone who is in the position you would want to be in 10, 15, or 20 years and meet for coffee.