Adding an ADU: With your dad’s construction experience, building a 2-bed/2-bath ADU could significantly increase the rental income.

In terms of finding a partner, I would recommend partnering with someone who has something that you don't have (understands renovations, real estate experience, has money, etc.)

Atleast in my experience.

@Jonathan LudizacaFrom a lender's perspective, starting in 1-4 units gives you experience and many more lenders will be open to first time flippers in this space versus multifamily. 

@Hunter Duplantis what @Gino Barbaro said is exactly what I was going to suggest.When you have vacancy is the time to experiment and apply your original thesis.I’m not trying to play Monday quarterback here but, you should be highly confident in where the rents should be well in advance of having a vacancy.That being said, after confirming competition rents on websites (I’d also recommend Craigslist and Facebook marketplace), you should be in alignment there.  

Share your experience in the comments below!

It is important that you hire professionals who have experience working with foreign investors.

I’m an ex realtor who also has some experience working for a private equity group for a short time before I got a really good gig in a completely unrelated industry that will allow me to have options when investing.

If so, any one have experience doing so in a way that does not accumulate a lot of transfer fees?

So overall experience of your QI to work in a number of markets and locations is really the key.