Discussing potential profit splits & what happens in a loss situation, liability, stalemates on decisions etc. are valuable topics to discuss.

>https://www.biggerpockets.com/forums/48/topics/1159104-overl...Thank you for valuable piece of information.  

A local RE professional should be able to provide this information to you as well.In New York, we deal with this scenario frequently and oftentimes it does not make sense to legalize ADUs because the permit process is extremely lengthy, the cost is high (sometimes $150-300K for 1 ADU unit), and the potential increase in property valuable is not worth the risk.If you already have an approved permit/plan and can get your renovation down to $80K, you may want to consider this project if the ARV is say north of $800K.** You should also look into any potential property tax increases associated with this change.

How valuable is real-time data for you?

Our most valuable assets are our bodies and our families.

Another idea is on social media, follow a bunch off STR operators and company owners that offer valuable content.

The challenge that's forcing you to look off-market will create a very valuable skill for your future investments!

Your expertise and advice would be immensely valuable as I embark on this journey into real estate investing.

It's also crucial to surround yourself with a team of experts, such as real estate agents, property managers, contractors, and lenders, who can offer valuable advice.

Despite only being on BiggerPockets for a few years, we’ve found this community incredibly valuable through the webinars, books and videos.