The skill comes in sourcing deals that arent only on the MLS.

If they have trouble with making rental payments, they need to start improving their skills and look for a higher paying job or double down and get two jobs.

Are my sales skills top notch, no.

Also, I'm not sure if you are demoing an existing structure, if the structure is freestanding, etc, but this will obviously greatly affect your overall budget.For our project, most of the material prices are in line with expectations, but where we've been shocked with recent increases is the soft cost. 

There are countless episodes on the various strategies as well as some of the soft skills you will need as an investor.

I think it has a soft cap; therefore wages and/prices will have to behave. 

By tapping into my network and refining my negotiation skills, I opened up a world of possibilities—opportunities to grow my portfolio faster and smarter.Off-market deals have become the backbone of my real estate strategy, allowing me to grow my portfolio faster with less stress.

Since your metric is modest cash flow with long-term appreciation, focus on neighborhoods with a history of steady growth and tenant stability.As a realtor, you already have the skills to analyze deals—so trust your instincts and take action!

I'm going to get a survey regardless, but I'd like to line all this up before I start spending on soft costs.The weird thing is I see other investors doing these DADU deals and I've never heard anything mention the above requirements / scenario. 

By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.