Don't pile on risk at 21 y/o. 

I'm feeling that I am being milked and preparing to get my attorney involved if we don't settle this soon.

Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

The cost of a sewer line is the same whether it is on a triplex or a single family home, but with a MFU you can spread the risk.

As mentioned above get involved locally. 

My plumber also said that it wasn’t the tenants fault and the city could also make me change the entire sewer line so I shouldn’t get the city involved.

I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 

Landlords can easily do it without a mortgage but they are taking a huge risk.

So if I do a good analysis of the property (including all the costs) and the property generates monthly CF with a DSCR above 1.1, I would be removing a big risk because the numbers add up.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.