Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

Saw a similar situation with friends.

Any legal issues I should be aware of in this situation? 

For example:How well does in-house counsel adapt to different jurisdictions, especially if we’re managing properties across multiple states?

(Interesting that I just came across this old post for the first time.)I’ve used Jerry Feeney’s e1031xchange multiple times.

I would recommend consulting with your CPA/a CPA to look at the benefits of a cost seg for your specific situation.

They are using rules to add multiple ADUs.Here is a list of why adding a single ADU in dingle family  zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Every investor  has a different risk tolerance, comes from a different financial situation and has different financial goals.

But MAYBE 5-10 people on BP are in a situation anywhere near yours.

Situated on a 0.52-acre lot, the property provides a spacious environment.