If you’ve done bigger projects like this, have additional experience, and the numbers look as good as you’re making it sound, you would be a shoe-in.I guess my question would be, what kind of leverage are you looking to get on the purchase?

Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

Here is a list of why adding a single ADU in single 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.

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Additional Considerations✅ Confirm assumption eligibility – Contact the lender directly before paying the arrears.✅ Get everything in writing – Work with a real estate attorney to draft a contract protecting your funds.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.

Generally, applying any monies received to fees first leaves the deficit as "rent".

I am continuing to make payments on the existing mortgage from the payments received from my buyer, which I am assuming is a characteristic of a wrap-around mortgage where the seller acts as the financier for the difference between the existing mortgage and the sale price.

The dollars you receive above the fixed monthly costs are 100% for that property.  

If you need any additional help I will tag @Crawford Peay who is an experienced  property manager perhaps he can help. 

I know this is a very old thread but if anyone comes across it I wanted to add some additional thoughts that might be helpful.