Price fair, don't get greedy, play the long game.

As far as I know (fairly certain though not 100%) only JADU is allowed to be converted from existing space, the other attached or detached ADU needs to be new build, at least that's what I heard in the Bay Area.

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

I’m not the biggest fish in the sea but I’m doing it fairly well with 8 buildings and 31 units.

I'm fairly sure you can structure to sell a partial after a month or two of payments that would pay off the underlying $215K note. 

You don't need to buy a car dealership, it can be a side hustle or an online business.If you try to get more rent than fair market, you will rent to desperate tenants, who got rejected everywhere else.

If you gift a house, the fair market value (FMV) at the time of the gift applies to the lifetime gift limit—not the amount you purchased it for.

If you PM me I can get you in touch with a processing company with fair rates.

A fair rate for solid management typically falls between 20-25%.Superhost or High Review Ratings Matter – Ask if the properties they manage consistently earn Superhost status or maintain high guest ratings.Communication & Accountability – A good property manager should be responsive and proactive.

The appraiser is there to determine fair cash value.