There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

Does anyone have information if placing it on a permanent foundation will make sense from a long-term value standpoint?

I wish I read "Michael Fish"'s post more carefully. 

Cool such  an awesome and informative post!!

Clear & direct information that is easy to follow.

I have the information I need to send letters to the owners of said lots. 

Do you mind sharing what your Craig's List post looks like?

Take that information and see what might work best for you right now in this position in life.House hacking is an awesome way to get started and even doing that can still be a bit difficult to cash flow today so run your numbers multiple times and do them well.

Keep me informed on how your is coming.

Now, either I'm not posting in the right places of i.e Cragslist / BP etc or my ads aren't as well constructed as I think they would be to attract motivated sellers.