In southern CA, even garage conversion ADU additions are typically costing more than the value added.  

It’s better to spend a little now than risk costly mistakes later.

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

I would say that your QI should be competitively priced, but the lowest price is not always the best. 

It was mostly due to my day job income and low cost of living over a long period of time; however, real estate accounts for about 50% of our income through a small portfolio of short, mid, and long term rentals. 

@Tiffani HollisFor a long-term rental, I’d avoid used dishwashers entirely—repair costs and reliability issues often outweigh the savings.

I am in this camp myself, as I do this full time.I agree with your point about focusing on long-term sustainability rather than chasing maximum rental income at the cost of increased tenant turnover or property damage.

If you sell your property, the tax basis (original cost) of the property for the giver becomes the tax basis for the recipient.

But I would charge the extra 3% to cover my costs.

If they want to pay $1,300/mo as is, saving you the Reno cost.