There you can build up your skills even further and these jobs can pay a lot if you are producing great results.  

It’s awesome to see your passion for real estate and your clear goals for building a portfolio.

They legally have to have this document filled out if they pay you more than a certain amount over the period of 12 months.

Seeing as they are the owners I would think their name would be on those documents.

The building value of the rental is written off across 27.5 years.

If not, they may consider building the ADU and down-sizing into it and renting out the main house.

We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

Honestly is better spent as a down payment on a second building. 

Having the right partners on the design and build is what I have found to be the most important piece of the puzzle.  

On the upside, they have a new investor portal which where you can view documents (like monthly reports/inspections by Aloha) and data on construction progress and returns.