Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

When you're on a temporary visa, especially without a clear path to permanent residency, the risk involved can be substantial—both financially and legally.

If you do offer something like this, as you likely know, be sure to document it with a lease amendment signed by both parties.

If your quote is that high it better involve a bigger SOW or other exterior repairs as well.

Otherwise many many many agents spend a lot of time and effort finding property and writing contracts only to find that the funds can't be transferred, or they don't have immediate access to the funds, or they need some kind of approval from 3-4-5th parties, or there are exchange restrictions, or 9000 other excuses.You probably need to find them a commercial broker who can handle whatever kind of investment they want to make. 

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

I know in California it is legal and the state acknowledges it however it does restrict the finder to basically introducing the parties and they can not participate in negotiations, etc.

Neither remote or 3rd party management will work...it will take local, hands on, full time management. 

If so, would you be willing to share the terms and how it worked out for all parties involved? 

Matthew, if you’re considering investing in syndications, just be sure you really understand the risk involved.