What is your process for underwriting a rental by adding an ADU (addition or division)?

I’m diving into the world of tract home development and looking to learn more about the financial analysis process for unimproved land.

I make the points more for new landlords because they don't know how to be a landlord yet and are more likely to not get rent on time because they don't have processes.

Road surface.Subdivision rules and application process.  

Would a long-term rental be a better option just to get some experience with the home-buying process, before jumping into Airbnbs?

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.

If not, pay a coach or mentor to help navigate through the process. 

This is a plus.Transparency and reliability – Ask about their process for keeping clients updated, especially on long-distance deals.

After you find these out, you can begin the process to subdivide it.

There's a lot to be said about this but having process in place to mitigate turns going bad helps.