One other possibility to prepare for is that the court may ask the two of you to meet with a mediator prior to the judge hearing the case.

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Maybe go prepared with a spreadsheet of fix up costs prior to just hitting her up with that.

We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book. 

It's one of those things where if you are going to require it, you have to be prepared to evict for not getting it.

They raise X amount of dollars and then hit a wall, because they are not prepared.

Plenty of investors succeed with out-of-state properties, but preparation and due diligence make all the difference.Good luck, and let us know how itg oes!

I haven't ventured out to the valley yet because I've still been happy with the opportunities here in Anchorage.

Anyone in sales knows, you are going to have to be prepared for a lot of "Nos" to get to the "Yes".