So, if you felt that was the price range and chose to come in on the lower end of that I would stick with that and enjoy what will hopefully be a LONG LONG tenant stay. 

@Mark Adams, you are attempting to enter one of the most competitive fields of any real estate related business.  

March we signed with a Property Manager and May 21st, today,  they are still there enjoying free rent. 

I'm for you just saving up some more and getting a good spot in the NM area, you'll really, really enjoy it.

That is the "fun" part of the adu market, until there is enough data to adequately reflect the market's reaction.When I expand the search results to the Orcutt area, there is a sale of an sfr + adu, 1498 Claret Ln, sold for $1,165,000 on 3/7/24.And that's all there is using the mls with the newish search field for ADUs.

I'm particularly passionate about multifamily properties and short-term rentals.Outside of real estate, I enjoy Travel, stock investing, and crypto mining.Excited to learn and connect with you all!

I'm particularly passionate about areas that provide cash flow with rental propertiesOutside of real estate, I enjoy traveling, playing sports, hanging with my dog and friends.Excited to learn and connect with you all!

.$2,000,000 is going to improvements to the riverfront park adding playgrounds and splash pads.Since 2022 a feasibility study has been going on for a regional sports complex boasting 16 soccer/football fields, 8 baseball diamonds, 50 meter indoor pool, gym, track, and waterpark.There are several more project revamping old warehouse building turning them into trendy new dining and retail spaces.

sell LTRs and buy Vacation rentals where you and your family can enjoy as well as make income.  

That made zero economic sense, but I sure enjoy looking at it when I’m there.