(You say it’s worth about $100k more than you’re paying so figure an extra $15k.)Maybe you’d be better off partnering with the parents unless they have zero interest?

With affordable property prices and a growing rental market, it can be a great option for long-term cash flow.If maximizing short-term rental income is your priority, a home closer to Nashville could be worth the extra cost.

Steve if you can go without buidling the extra garage below the ADU it will save a lot of money. if you can get two studios it will do much better than one ADU.

•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

You're correct, many investors think that using an experienced agent is just an extra expense.   

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I got an extra $30K in value out of it.Appraisers don't use the PPSF because it is grossly inaccurate, despite common belief.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for.