Or you have off-market deals you want to sell to them?

It taught her that if there’s any confusion about terms, you want that clarity sooner rather than later.When it comes to rent, I’d look at comparable properties in your area.. from what I read in Forbes, some commercial leases even build in annual percentage increases so you’re not stuck below market for too long.

Anyone who managed to do this probably did it 5+ years ago when the market was very, very different.If you borrow $200,000 to build an ADU, I suspect you would need to rent it for $5,000 or more to make the numbers work.

Please keep pushing and sharing your progress. we are enjoying seeing your success in addition to learning how to pursue and analyze deals in different market sectors before blindly buying and learning the hard way.

I do believe you are entering a tough market.  

I have owned 4 short term rental in those markets.

Plus, if you'd like to connect and talk marketing/sales happy to do coffee or something.Also, there are tons of Facebook groups for Chicago real estate.Lastly, just doing some 1:1 networking with lenders, agents, and architects is something we focus heavily on.

Purchase price: $69,000 Cash invested: $35,000 Sale price: $120,000 Summer 2018, I took on this off-market fixer-upper in the Polytechnic area of Fort Worth.

As a sidenote I see people doing this and jacking up the price of the home to seller finance to above market value - if you do this you better be VERY clear with your investors that you are writing a $300k loan on a $250k property as if you do not you can get in some serious hot water later on down the line when doing valuations of the company. 

Plan to make some tenant improvements to push rents closer to market rate for the area.