I'm a realtor... who would have another realtor represent me so I can focus on my money making activities.

I am thinking of that being one of my next big projects if the community is wanting it. 

Quote from @David Naphy: Hi BP community, I appreciate any and all suggestions!

The ROW @ Dietz Elkhorn is a 27 duplex community between San Antonio and Boerne.

I’m considering countering with a price closer to the market value, but I’m curious how others approach deals like this.Looking forward to hearing your thoughts!

Real estate investing works out best when treated with a crockpot approach instead of microwave. 

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

If you read the revised 65852.2, (Section (a)(6) & (e)(1)), it seems to tie the JADU to the ADU non occupancy requirement until 2025. https://www.hcd.ca.gov/community-development/housing-element/docs/ADU_TA_Memo_Final_01-10-20.pdfAfter 2025, those who permitted ADUs/JADUs will continue to be able to rent out their properties without living in them.

Then if/when another good deal comes up, you can approach a lender and look at leveraging either of the properties in order to fund the down payment of the new property.

Success doesn’t come overnight, but if you stay focused and keep pushing forward, the results will blow your mind.Education without execution is just plain entertainment.