I always love to see the positive attitude - that's half the battle.

@Joseph Opoku Yeah you can still get positive cash flow from day 1 in pretty much all areas except the A class neighborhoods.

I'd greatly appreciate your insights if you’ve had any positive experiences or can recommend reliable lenders for this transaction.I don’t have a Fannie Mae or Freddie Mac loan; it's BoE .

If you currently rent for $2,500 and take the $1,750; you have additional positive cash flow of $750 for your rent situation.Have you thoroughly looked over the capex potential issues? 

You’re in a strong position with multiple viable options.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

He can spend the next few years-ish getting a finance degree through an online school while working part time, but he just got offered a full time position helping with sales for a local wholesale real estate company. 

This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

In addition I am giving him freedom to explore (to a certain extent) on my dime.