Most of the time a newer or unsuccessful agents will host open houses as they build their book of business.

You could just let the money build up in your checking account.

To paraphrase Warren Buffet “it takes a lifetime to build your reputation and only a moment to destroy it”

The initial plan is a 1200 sf build out with plans to expand back away from the cliff later as finances and interest rates are more favorable.

Build a local team of real estate agents, property managers, and CPAs to navigate local laws and manage your property.

If you are not building in sufficient capex, then these costs could be higher, if not much higher.

Anyone who managed to do this probably did it 5+ years ago when the market was very, very different.If you borrow $200,000 to build an ADU, I suspect you would need to rent it for $5,000 or more to make the numbers work.

All my properties are true multi-family, More than 5 units per building.

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.

What nice though with that is you build equity quicker.So just adding my experiences with the commercial side, from an owners point of view.Good luck!