What is your process for underwriting a rental by adding an ADU (addition or division)?

This is a plus.Transparency and reliability – Ask about their process for keeping clients updated, especially on long-distance deals.

Was this a difficult process, and who did you talk to in order to do this?

I’m diving into the world of tract home development and looking to learn more about the financial analysis process for unimproved land.

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

There's no reason to go ALL financing or ALL cash, but to be strategic about how to use your funds to acquire more properties as opportunities present themselves.Hope that helps with your thought process.

I appreciate this.I'm trying to simplify / streamline this even further (with fewer tools, if possible) and fewer "clicks" for me (goal for me is less management of tools and property and more "just click here" to get a process started).I like seeing how you have worked out your process, and thank you for sharing.

After you find these out, you can begin the process to subdivide it.

At some point your just gonna have to jump, perfect is a process not a place.