With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.

The discipline to run on a budget for a number of years or decades depending on your math, doesn't factor in emergencies or market changes where the HELOC could be used to invest in other places.

Fail forward is generally just great life advice. 

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Then laws changed and SSN's became our IDs and we could no longer typically ask for them in my area as a landlord.

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

Then create a maintenance account.  

Some developers go above and beyond on kitchen appliances and install a package that may make sense in a $1.5M+ house in a $900k house but short change all other areas of the rehab.

I’m not suggesting a person change their business model entirely, but usually a person either deletes something or adds something in order for a different outcome or at least a more modified outcome.What’s your thoughts?

Does adding a ADU create value in a property vs. the price of the adu build?