Quote from @Richa Wardhan: Hello everyone,For those who call St Augustine home/ investment home , how challenging is the process to build an ADU on your property in St Augustine?

As a contractor I had to work for money, be at the mercy of the customer, jobs and timelines never seemed to go as planned, only to pay tax on the money I worked for.

Thanks again for your time!

Since you decided to change the contract by asking for a concession (which invalidates the existing contract), you will not be able to sue for specific performance. 

Purchase price: $63,000 Cash invested: $23,000 bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab.

Since you're in West Palm Beach, you’re in a strong market for both flips and rentals.

Regardless of your approach, forming an LLC is the smartest choice for protecting yourself from potential liability caused by the numerous tenants you will be hosting in your property.

@Zack Whiting We don't know your experience but jumping into auctions is not the easiest path for REI.

In all seriousness, if this is the start of a budding STR business for you, your parents should understand. 

I have begun to look for a new primary for myself but have decided that if possible, I would like to build rather than buy.