The property was listed with a workshop, in taking a look I noticed it was separately metered, had plumbing and sewage hooked up and was looking good as a candidate for an ADU conversion. ~630 sq/ft.I've confirmed that it meets the requirements for the city and have appointments with teams to discuss plans and get bids for the conversion project.

I'd love to hear from others who have found success in taking the first steps in their journey of investing in real estate, or from those in a similar position to myself. 

We are now intaking a CoC ROI of 12.2%

After awhile I have had people begging me to take their money, no it's not a con job, but after these non-lenders found out what the risks and returns were, they wanted in! Take

For Candidate two, the rejection is based on the time the lease is to start - not so with Candidate one.There does seem to be a CYA advantage in taking Candidate One.

Is there any paperwork involved in taking over the owner's payments?

Again, not a lot $$$, but it's something you can do ANY TIME and won't cut into your main job.If you did just those few bullet-pointed items during a week, you would see an increase of $100-200 a month; it may not sound like a lot of money, but that's an additional $1,200-$2,400 in a year.Good luck, and I hope you do some of these things that people have so generously taken the time out of their busy schedules in an effort to give you very reasonable suggestions to increase your intake of money.

I believe in taking action and control over my real estate investing and also believe in giving back to other people with their investment needs.  

The only reason I didn't buy a park is that no one in the family was interested in taking it over when I finally retire. 

Hey @Clint Galliano, I'm still interested in taking a look at the expenses you mentioned above if you could send them to me :)