The point I was making was not to draw a distinction between new and existing construction but was based on the fact that in general, a title insurance policy only indemnifies the Insured against loss or damage caused by matters recorded in the public records of the county where the property lies. 

So asking "how should an ADU be valued" might need a little more distinction before judgment. 

You have two very distinct advantages..1.

This is the main distinction between multifamily and single family and can be expensive either up front or in the long-term if you manage a shared utility environment.Hope that helps.

The county I am located in - Placer, North Lake Tahoe -  is covered in the order, but is distinctly less vocal about deterring travel than South Lake Tahoe.

The distinction is in your favor, because the loss goes against your non-RE income first, which could be at a higher rate than your capital gain rate.

There's no point in giving up equity unless you are gaining a distinct advantage with using this partner's money. 

That seems simpler...but maybe it violates the notion that the holding LLC is actually distinct from the child LLCs? 

Cash returns have two distinct aspects that are intertwined.1️⃣ The ability of the asset to generate free cash flows (Operating Income) 🔼2️⃣ The amount of cash available to investors                ➡ Operating Profit                       $376,453               ➖ Mortgage Payment                  $280,511               🔀 Cash available to Investors       ($4,058)3️⃣ Cash-on-cash return               🔀 Cash available to Investors      ($4,058)               ➗  Capital Invested                  $1,407,000🛅 Cash on Cash Return 💯                           (0.29%)This calculation enables investors to compare the returns of different real estate investments and gain an understanding of the profitability of the investment 💡 .Key variables influencing cash on cash returns. 

There’s nothing specifically distinct about that area that would promote “LGBTQ Releastate.”