I have gone to numerous RE meetups and discussed numerous ADU appraisals and was heavily involved analyzing one (that gave a value of ~$50k for a ~400’ garage conversion 1/1.  

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..

The game is best played following the strategies for the phases one is in; growth, dividend, end of life. 

He has lived here his entire life, and knows the area very well, and he is a general contractor and has been remodeling homes in our area for 20 years.

Instead, investing should be a means to taking care of our needs and improving our life style.

Don't make your life more complicated than it has to be.

HELOC can be good for this situation - then you can pay it down and use it again for other life events etc. 

I had many situations where the paystubs was altered or they were using one from someone else. 

Life is financially good even without doingSelf Storage.

It takes walking new investors through the process from real life lead generation to acquisition, renovation and disposition.