Actually, the way you describe SubTo can be called "equity skimming".

Are you actually building the ADU or contracting out? 

I actually have a few deals under 75% ARV right now.

Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

Whole notes to be come secured interest on the actual note. 

For a condo you can/should check the county assessor for land value  (you would apply the same allocation %, don't use their actual number listed) Also check your HOA documents.

@Makayla McDonald I would actually suggest you connect with another BP user in OKC, @Ryan Johnston.

Run credit and background checks, actually call the listed referrals, and ask for bank statements.

Most hosts in Chicago just pocket the full funds from direct booking, you would be in the very very small majority if actually paid city taxes on it.

The teacher was an actual financial educator but they repeated themselves a lot and were telling the students to go in and apply for credit cards DURING the course to purchase the next course for $15,000!