Not income producing debt, I am strictly talking small payment debt.

Hey Daniel,Getting forced placed insurance is standard when you buy a first mortgage.I'm not an expert on this process but afaik your servicer will request proof of insurance from your borrower and if they can't produce it, you will get the forced placed insurance.You know, the insurance will be at your own expense if it's a non performing note.

If a tenant is fixing to go out it can be less time as the landlord is already negotiating an LOI and then an executed lease with the tenant.Larger spaces big box can sit for awhile but those are rarely built new today mainly re-purposed.In some cold belt states net migration away produces excess inventory and with no growth then other tenants aren't lined up to take the space.Most of my clients are buying in high growth warm belt states even if they live in cold belt.

Some realtors produce market reports but I am wondering what other resources you consult on key metrics like median/average prices, rent to own ratios, growth rate, etc.

I was thinking of getting into it as a means of producing more income to put towards investing in real estate.

I'm no expert on the matter but if you are limited on information on the property to access what kind of cash flow it can produce I would stay away.

do the math backwards so you know where your goal post is:$6,000 per month is $72K per year72K at an 8% CoC ROI means you need 900,000 of assets producing income.

100k will buy you at least two producing properties here in Oklahoma.

Realize it is not really an apple to apple comparison because in the one case you are purchasing the land while in the second case you already have purchased the land.Because the land is already purchased for the ADU, it is very unlikely that her investment dollar can produce better COC via a full property purchase than building and renting the ADU.Good luck

It's obviously not yet producing income since it needs work3.)