Problem is that European countries like Portugal and Spain are following (or preceding) the negative STR regulations that you find in more and more places in North America.

That'll negate the supply.

Both scenarios are great so you can't wrong unless you start negative cash-flowing on a property.

There is a reason experienced flippers are not doing ground up ADUs in CAIn general, ADUs cost more to add than the value added creating an initial negative position and typically cause the primary structure to now be rent controlled (even though I believe that is not applying the law as intended).  

Hey Tyler, speaking as someone who invests heavily in Detroit and helps others do the same... it is far from saturated.The sentiment around Detroit has finally moved from grossly negative to neutral.

California It seems like the market quite competitive.I'd love to hear more about your experiences and any tips you have for navigating these different aspects of real estate investing and development.

I also dont want to take out a HELOC because of it eating up my cash flow and end up being net negative.

I also dont want to take out a HELOC because of it eating up my cash flow and end up being net negative.

You will probably be a little negative on cash flow unless you rent by the room or buy the interest rate down or both, but honestly a little negative on cash flow isn't a big deal if you still have most of your cash in the bank since you only put 5% down. 

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