This is why so many people earn large sums of money quickly (lottery, sports, entertainment, etc.) and end up broke.Take Dave Ramsey's Financial Peace University.

My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

I also completely understand the frustration of navigating through "Joker brokers" and fake lenders who promise more than they can deliver—one of the biggest challenges in the industry today.Regarding your approach to accrual-based repayment options, that’s a huge help for flippers managing tight cash flow, and it's great that you offer that flexibility.

Hi @Christopher J Driscoll I am doing something quite similar to your approach, my ADU permit should be approved quite soon, I am still waiting on my last LADWP clearance.

The numbers may be 30-40% lower than today's cost, but the process/approach to estimating may be good for you to review.

Are there specific tools, presentations, or approaches that help them feel more confident in taking that first step?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

.: I'm taking a break from buying and my previous approach of analyzing deals in inexpensive markets, looking at hundreds of properties on Zillow and running the numbers, which I spent hours each on each day and became really burned out.

Additionally, it feels the most appropriate approach for both profiles I described above and allows me to focus on learning one strategy.

Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.