There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

Originally posted by @Jim Y.

Quote from @Nadia Jones: Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well. 

I see the original post was made almost 3 years ago, so I’m definitely curious how your perspective might have evolved given the market’s ups and downs since then.

Quote from @Natalia Perlova: Quote from @Marcus Auerbach: Agree with the last two posts.

It will affect your reviews like everyone said.I will say that it isn't super easy to put a water line where there isn't one depending on where the water is but look at what @Bruce Woodruff posted as an alternative.You will still need to change out the fridge.

other than the constant warnings and warning posts I dont think you can expect BP to be the gate keeper for Guru class's  keep in mind some folks do succeed and the cost of a guru package to them was one of the best things they ever did. 

Do you mind sharing what your Craig's List post looks like?

If Money stops so does work .Now a lot of the posts say they have been ripped off by contractors and I know why .

Getting back to the original post, what would be a strategy you'd explore given his circumstances?