So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

The property was listed as a probate, so I had to go through my agent.

@Tom Nagy So sorry this happened to you.

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

So have another mortgage here. 

Is so watch out for trip hazzards: if they need government assistance in the future there’s a look back period where the government will want that money.

At first though you want to spend as much as possible, so you're not paying the banker the full nut.Talking with my wife we will drop all of the Bus Benches and the SP aggregator this year, around $16,000. 

I like it, so much I'm doing almost exactly that with a partner. 

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.