One, you might want to consider Seller Financing (in Michigan, we call it a Land Contract) which can allow you to buy property while using the Seller as Banker; not all Sellers are open to this, but it can be beneficial to both the Buyer and Seller.

Are you actually building the ADU or contracting out? 

Net Sale - Is the contract price, minus the closing costs and commissions.adjust cost basis - net sale = net gainYour gain is made up of profit and depreciation recapture.

Set up a contracts account at both Lowes and HD. 

I am in contract for my first duplex and planing to have inspection scheduled this week.

I told him he can break the lease, but according to his contract until I find a tenant - he will be responsible to pay the lease. 

And the really messed up ones, they don't even give a landlord an option, per fine print in contract, they just go out and do whatever and send a bill after the fact. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Hoping that my brother in law will be able to build and manage a contracting team. 

Luke - after a year of searching I found a property that i'm under contract on and feel pretty good about.