I initially took a neutral stance, but you keeping enlarging this perceived bullying.  

I believe a subsequent bill allows more than 150’ even when setbacks are not satisfied if the footprint is not enlarged (such as adding a second story).There are a lot of ADU laws.  

. ;-)2023 Was The Worst Year On Record For Existing Home SalesClick to enlarge Yes, I said even in 2022 that 2023 will have low transactional volume. 

They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark. 

The primary airport cannot easily be enlarged.  

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents continued the up trend as expected.

However, if you can find investment opportunity which can bring much higher rate than that, For example, with real estate it is not difficult to bring over 15% with leverage ( 3% appreciation with 75% LTV will enlarge the return to 12%, plus rent so get 15% is not that difficult).

Survey of mortgage terms (click to enlarge):From left to right, 1.25 points, 1.5 points, 1 point but $41k in fees.Prepayment penalty: 5 years declining, none, 2 year lockout followed by 10 years defeasance.Commentary/review/discussion: I tried to provide three very different options here, but all still real ways that people actually acquire such assets.

One guy gave me a list of 72 items to repair, including enlarging the headroom of the stairs going to the basement!

(click to enlarge)Bottom LineEvaluate the property based on whether it will enable you to achieve financial freedom.