You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 

Buying & selling it as land, no development.Perhaps what I have covers all the bases I am looking for. 

Based on the quality of this particular home, my rent estimate may be low.Note: you have to consider other factors.

My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.

It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

Also keep in mind, terms other than price will play a role in getting you offer accepted too.

Based on the tenor of your posts, I've got to ask - do you have your primary residence squared away?

View report*This link comes directly from our calculators, based on information input by the member who posted.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

Sounds like you need an agent and/or contractor based on your strategy.