Garages are often cheaper to convert to ADUs than ground up construction, but not cheap enough to obtain a profit worth the effort.  

Good profit margins How did you find this deal and how did you negotiate it?

The lender would receive nearly $12,000; after all other expenses, the projected net profit is less than $20,000 for the borrower.

I am trying to figure out if probate/wholesaling can lead to an ongoing profit that can be transitioned into a full time business or a side endeavor that may pay out a couple times a year.

The deal has enough skin on it that we will still make a nice profit (its a multi unit with other units so this isn't our whole budget) so thankfully just comes out be a learning experience.

low cashflow high appreciationNotes purchased in the secondary market at discount to remaining principal balance have the built in capital gain profit with potential for greater ROI thru early payoff or early PARTIAL paydown.  

So I would educate them on the fact that they were given a gift for many years, and now that you have finally chosen to raise rents to market (so that you can make the profit that you deserve) they will have to wait for a year so that you can put aside some of your new (and well deserved) rent increase to pay for their nrew floor.

After marriage we sold the house for profit and moved to S.

Their money is made on you continuing to transact in real estate, not you maximizing your own profit. 

It’s not uncommon for banks to take 30-45 days to close, which can cause you to miss out on profitable deals that require quick action.3.