In many cases, the $/sq ft value for an ADU can be slightly discounted compared to the main home, but it still boosts overall property value.As far as the specific question about Feliz/Silverlake, maybe reach out to a local appraiser or RE agent who would be able to give you specifics.

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

The specific property I am looking at right now is netting from PadSplit to the current owner  between $5k-$6k per month.

Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

Here’s how I approach niching down to a specific audience:Analyze Your Market DemographicsStart by researching your market to identify who is booking short-term rentals in your area.

Specific example,  I tell all my owners that any minor repair less than $150, i will fix for free.   

@Kevin Waymire I have bought and sold 5,300 units.What specifically are you wanting to know?

I do NOT have enough knowledge or experience in this arena to provide specific “how to” accomplish this, or even to provide specific”proof” of my position.  

However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:Building a strong buyers list.Identifying motivated sellers and honing my outreach.Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.