The ADU would be the 3rd unit and the largest and most attractive one out of the 3 (also preserving the 2 garage spots).

But his financial advice is spot on for most Americans.

Those of us who have been around can spot it from a mile away, unfortunately newbies cannot. 

If they are near each other and in one spot, it *probably* would be possible to build around them.

The reward/risk ratio in this niche is quite disturbing recently, perhaps market condition would be better in the next few years when cap rate reset is over.One area where I see a sweet spot in syndication is in the industrial space where cap rate volatility only move by 25 bps and expected loan default is less than 2%.This is also why I keep saying syndication is not active investment. 

You're in the right spot. 

Some sites have data on specific locations because they are STR hot spots.

If you are patient, there are some high quality companies both in Memphis and other cities, and this company you're talking to may be one of them, that have reputations for being spot on with their data and operations.

. - Downtown location, near restaurants and a 3 min walk to train station- Only 2 off street parking spots, street is permit parking only but there is free parking down the street- Units have just been completely renovated- The city does not have any ordinances against short term rentalsThe biggest hurdles for me are: we're about to go into a slump/down season; potential parking issues; and if one of the other units were rented long term - dealing with the hassles related to that.

@Bobby Dailey Foley can be a good spot for sure.