Here’s my perspective based on personal experience.For some context, I’ve been investing in real estate since 2019, primarily in Detroit, while living in California.

I will give you the common-sense answer below, but this is California, where common sense doesn't exist.A mandatory evacuation is outside of your control, so you shouldn't suffer financially because of it.

We have a relator out of Redding, CA whom we work with each time we look into real estate buys.

Thanks you for any adviceHere is my situation:Currently renting 3/2 SFH in Santee,CA From my parents for under market rent but have a timeline to be out or in another property in the next 1.5 years. 

Most value adds involve work   Some require specialized knowledge.Here is a list of why adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Oregon CA WA being three

Quote from @Steven Barr: Quote from @Jay Hinrichs: Never did one in GA .. my experience is in CA..

There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

Investments from CA tech companies is driving job and population growth. 

CA has the cheapest HML / PML rates in the country basically.