We don't have that policy and I don't ever tell an applicant they can't apply I just make sure that there are multiple correspondences documenting our screening criteria.

They are using rules to add multiple ADUs.Here is a list of why adding a single ADU in dingle family  zoned areas 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.

Assuming that's true, I would recommend looking for a replacement property (or properties - you can purchase multiple in the exchange) with value of at least $725K (selling price).  

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

But it feels like if you keep cashing out equity on your properties to buy another, you end up with multiple properties but with your equity stretched really thin, like a house of cards ready to collapse. 

Investment: $200K; ROI: 26.29%/year; 10-year equity: $1.1M; Total cash return: $1.2M. 10-year equity multiple: 8x on $200K investment.

In general, I'm curious how investments with multiple investors are structured.

I'm sure y'all already knew that!

Stop with the gadgets, the AI and all the crap out there that offers you "shortcuts" for lead generation.THERE  ARE NO SHORTCUTS.The reason I am successful generating leads and most of you are not is because I did the gaahdamn work, the research, the testing, the tweaking and I perfected this.

If you try flipping make sure you buy right, know your numbers, have the help you need and having multiple exit strategies is recommended.