It’s an interesting opportunity if it aligns with your overall plans.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

I've also had a couple evictions/ask to vacate on properties where the tenants were constantly behind in paying.

How do you plan to finance the ADU?

I download those into Geo Batchcode so I can plan an efficient route to check out those properties, and of course I take note of any others of interest that I see along the way.  

Are you planning to rent the entire unit at the 2nd year mark? 

If you are planning on selling, contact a realtor to make sure you are getting a fair value for your house. 

With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?

Hey @Brandon Toron,Given your plan to turn the property into a short-term rental (STR), you have a few creative ways to push closer to that 90% cash-out goal, even if traditional lenders shy away from it:1.