Setting up out door grilling space, because if you don't they will so it's a matter of do you want it at random or by designation. 

I have always had an interest in flipping houses because I get really excited to see run-down houses, walk through them, and come up with a design plan.

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

It can be personally designed post cards or it can be letters. 

Most take near a year in southern Ca, but you hear of exceptions in both directions on that timeline.What some developers are doing here is leveraging the affordability issue and getting permission to build additional ADUs by designating some as affordable or semi affordable units.  

These loans are short-term, asset-based, and designed for situations like yours.

While there are some markets I feel are so saturated it is near impossible to be successful in todays market (Orlando), in most competitive markets you can be successful if a) have reasonable expectations and b) do everything right (price, location, pro design, pro photos, etc etc). 

I interviewed another Syndication and appreciated the fact they said 1) They never lost any of their investors money 2) They aren't currently entertaining deals until they are more solid on the market's direction.  3) their Exits are designed much shorter than ODCs.  

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I am also curious how folks are dealing with appraisals as appraisers don't view these properties as duplexes and I've heard of investors having issues with cash out refinances not hitting their target values where had the home been designated a duplex (lets say in a two detached property scenario) it would have easily appraised in their target value.