A PMC is similar to any other business where there are lots of pitfalls, too many to name.3.

However, there may be a commonly expected way of handling it in your area.

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.

Here are a few key pitfalls to be aware of:Common Challenges:1.Aging Properties: Many Section 8-eligible homes are older, which often means higher maintenance and repair costs. 

It also addresses a common misconception.

Just ensure you do thorough market analysis to avoid pitfalls.3.

General Tips for ADU Investments in LA: Any advice on maximizing ROI from ADUs or common pitfalls to avoid when building and managing ADUs in LA?

Very common.

10 year (the common benchmark for CRE loans) just keeps climbing.