Stuart you bring up a point that reflects a whole subject that’s a topic onto itself.  

If the leases are under market, it is your responsibility to reflect that in the your offer.

The price reflect expected rent appreciation.  

Now I believe there is a fee in order to have them come a 3rd time 🙄.Both properties have already gained in value according to RedFin, not sure if that would reflect if they were sold but its a positive move.

Price reflects all of these attributes.

Digging into the history of the property will usually tell you that the name was recently changed to reflect that.

However, after reflection, I realized I was becoming too emotionally attached to my first investment after a 15-year break and faced challenges finding reliable contractors.Update (5/17/23):After three failed contractor attempts, I finally secured a reliable one.

And you finally take title to the property at the purchase price reflecting both the existing structure and the ADU. 

@Shai Simchon, and I split the difference here: it matters, like many said, but it is also reflected in your ARV, typically.So, if you have to spend the same amount to buy and rehab a house, and the only option is better school or worse school, I would pick the better school every time, because the ARV is very likely to be better in the better school district, most of the time.  

Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.