KC can get tricky with tenants and the eviction process so having a PM who knows the lay of the land is worth it.

Based on what you're telling me, I'd also advise you to begin the process of evicting/non-renewing the lease.

No major thought process here very simple.. 

Stats are not in your favor but forget the stats as it all depends on the individual's drive, effort and processes. 

I’m in the process of opening an LLC to get things started and exploring the best approach to enter the market.

They were abandoned and needed significant work which wasn't a huge issue but in terms of HUD owned properties i heard there can be significant processing periods.

I continue to see new platforms promise ease of use, lightning-fast approvals, and streamlined processes.

Once you have a PM put it on market for rent your friend is more then welcome to go through the process with them.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

Has anyone had any experience with this process?