We bought close to the peak (shudder) in 2005 and the value has now recovered such that the value is around 8% more than we bought it for.  

I have been on B p for about 21 months and have spent all that time learning about 10 hous a day (7 days a week by being on this site as well as YouTube and reading about 2 books per week while I recover medically.  

I found BP about 21 months ago while recovering medically and looking for something that is more flexible than a typical job that causes you to work 10 to 12 hours a day without being paid any overtime.I was forced to be that way in the early 1980's when I had graduated from college.  

Then, during the downturn, you could expand your position and emerge in a much better situation as things recover again.

He has since written a book about small apartment complexes, has gotten rich, and now teaches class to show you how to do it.I found BP about 21 months ago while medically recovering and looking for something more flexible than a regular job since I was getting older.  

You make your money when you buy...you realize your profit when you exercise your exit strategy down the road.If you do anything now, rationalizing on future events you have no control over, that will recover your loss (overpay) at purchase, you lose.  

If you overpay for the property, or underestimate the repairs (too much), there is little you can do to recover.  

The location may take years to recover, or it may never recover.

This negative position can consume years of cash flow to recover. 2) the financing on an ADU is typically far worse than for initial investment property acquisition or is often in leverage (HELOC, cash out refi, etc).

It will really depend upon the person and or family and their other "habits" as to risk of future forclosure and personal "bailouts".This home affordability that is beginning to show itself to those that are willing to otherwise do the right things is why I am beginning to believe the the housing market is going to start to recover despite the giveaways and not because of them.