Your first determination is what your tax exposure is. 

It is how they determine your interest-rate.

People always say there's no value but that's not for you to determine.

My biggest frustration isn't with the deal failure itself, it's more with the operating performance of the GP and honestly I'm not sure how an LP can really determine this.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

With ADU's being so new and in most cases it being done for an owner who has no intention of selling, there are few data points for appraisers to currently use when determining the value of a home with a detached new construction ADU. 

Your depreciable basis is determined by your purchase price and expenses, not the seller’s loan balance.

Before making any decision, I would get a customized property evaluation by a local Realtor to determine the value of the property on both sides of the spectrum; sale OR rental. 

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

One question that I'm pondering is, even with the positive growth, how do I determine rental demand in the area?