Seems like a no brainer to be able to be able to finish the basement and get a 375% return on your money ($80k for a $300k in equity) plus additional income in perpetuity.

The appreciation you can achieve in the rehab will not let you cash out all of your equity in the deal to perpetually continue the process. 

In addition, the statewide rules give a time limit for a jurisdiction providing a rejection (time line not applying at this time due to Corona) and sets side and rear setbacks at a very small amount (I believe it is 4').Basically the state is making it as easy as they can to add an ADU onto any residential property regardless of the local zoning.Well that's a nice exception to the stereotype about Californian zoning/permit regulations.

I want to move into Commercial Real Estate when the work slows down with this new property.There's a lot of learning to do (perpetually), and I hope to learn and help out here.I'm in search of a Real Estate Attorney and a great Tax Advisor in the area, if anyone knows of one.

You are not perpetuating a bad habit by a tenant.  

I was attempting to gain inspiration and improve my situation my striking up a conversation with the fine folks of BP.I suppose if you're not jogging on a perpetual hedonic treadmill, then it would be difficult to empathize with somebody with successful, however financial discontent.....Is that an oxymoron?  

Given that I can 4.7% on Verizon stock, in perpetuity, I would just say no to anyone advertising 6%.  

And what is it if perpetually subject to eminent domain? 

Also in Suburban areas a few homes here and there are rented to Voucher holders.it's guaranteed income  alright, and not all people on the program deserve to be stereotyped.   

When agreeing to a lease you STRIKE OUT any leasing agent perpetuity clauses where they keep getting paid upon renewal.If it's a national tenant that is premium it is okay to pay the leasing commissions at the time of occupancy.