Hello,I know two retired families in my group, sitting on $3M+ real estate, free & clear.

What are the vacancy rates, how long are houses sitting on the market.

It is just an empty lot sitting around 3.5 acres…paid 140k and will need a fair share of rehab in order to prep the land for these structures and I guess the zoning of this lot allows us the freedom to build “what we want”.  

Most older non-rehabbed homes in five points, for example, are worth less than the land they sit on. 

Right now you're sitting on a piece of raw land.

If you're able to invest when the market get's more competitive, you'll have a huge advantage compared to the investors sitting on the sidelines. 

Good news is there is one upcoming in March 8th and March 15th, might be worth sitting in and watching how all this works. 

It takes great character to sit on cash.

I recently saw a garage conversion quote of $120K -- fully executed by a GC, no DIY.You also seem to think one's capital for an ADU has to sit unused for a year.

If you can rent them, then they are a huge money maker.I don't recall what we paid for it, but let's say $10,000 and I use it 75% for biz.So depreciation is $7500 (assume 30% tax bracket, tax reduction $2625) That is a cash inThen rental say about 75 days @ $250/day = $18750Less costs (gas, repairs, service, insurance etc, which will also be a deduction from revenues) = $5,000So Yr1 you are at $16,375 and your machine is all paid for and then some.I don't have a garage so it is parked on the side of the property.