The home is in an area zoned for Single-Family but allows for Accessory Dwelling Units (ADUs).

The zoning in Dorchester county is R2 and from my reading does not allow ADU's, guest homes, or any external dwelling.

It causes people to think and it gives you instant credibility with that person.

I will have to dwell on that.

The county assessor says land value = $18,600I got an ACV policy from AllState with the following:Estimated Replace Cost (ERC) = $352,621Dwelling Protection = 175,000Deductuble = 1KSo assuming after renovations market value matches the dwelling protection of $175,000$175,000 - $18,600 (land value) = $156,400 (ACV)Subtract ACV from ERC: $352,621-$156,400 = $196,221 (amount of depreciation)196,221/352,621 = .556 (percentage of depreciation)Does that math look right?

Zelle is my favorite as it is instant and free.

My wife and I wanted to get into real estate investing and were living in San Diego, CA where buying a SFR would make us house-poor as properties with an ADU (accessory dwelling unit/granny flat) were incredibly difficult to find and expensive.Therefore we researched other out-of-state markets and decided to visit Colorado Springs, CO.

Purchase price: $217,000 Cash invested: $80,000 Single family dwelling.

They also have a google group for near instant helps.In short, deals are out there even today. 

The property has two other dwellings that I rent out.