The value the ADU adds to appraisal might be $10000 more than an SFR.It will be difficult for you to search sold SFR with ADU as automated valuations do not yet even include them, they show as SFR.

NY & NYC aren’t as great of markets for wholesalers because they have some stricter laws surrounding disclosure and closing which make it a little more difficult to operate there.

When looking into it briefly, it looks like Mackinaw City, Traverse City, & Petoskey are the most restrictive on AirBNBs whereas Boyne City and Harbor Springs allow them with a permit, any information on how difficult it is to get one of these permits for an out of state investor?

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

If you dont have the relationships established then it becomes difficult to do all this for it seems as though you are doing something wrong when you are not. 

Deed the property into a land trust OWNED BY the LLC.This will provide anonymity, which is critical to protection simply because it is very difficult for someone to sue you without knowing exactly what you own. 

However, it can be difficult for someone without mentorship or experience in their field.

I feel in this market it is difficult to get outsized returns (S&P seems very hot and might be hard to sustain 7%+ returns in long term.. but even if so, I’m risk adverse so would probably keep it my HYSA)I did run the numbers if I were to prepay $60,000 now and it appears the IRRs are lower (because of the higher cost basis).

You may very well have a lawsuit on your hands, which will be very costly and be difficult to enforce too.

Some PM like to make things difficult for the owners bc they want to purchase the property for themselves.PM are the worst...most of them anyway.