I guess I need to look into a BLOC with a personal guarantee on this one.Thanks for the thorough explanation, Scott!

Well, I guess this says it as well as I could.This growth in ADU establishment goes hand in hand with progressive changes in Michigan's zoning laws.

I guess I may be looking for it in the wrong place or just don't know what to look for, lol, need to continue educating myself.

I didn't mean to imply that someone would consider hiring FT help at 10 units, but I guess I was wondering what the hypothetical point would be in which an owner might even consider it.

Early on in my career, I saw a close frend do something similar.. she borrowed from her circle to finance a rural fixer-upper, then paid them back once she refinanced after the rehab.I’m guessing that massive yard plus the barn is already a big selling point for your tenant, especially with a family that wants a little extra room for animals.

If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.

.: I can't wrap my head around it either, but if I had to guess, they're definitely making some money off those crazy high appraisal fees and credit check fees.

Greene about this guy I guess.. 

My guess is that with the recent fire policy changes in CA there are likely caps on the fire payouts and many homeowners will be in the situation of example 2.

So I guess id say my venue dream is on the back burner while I accomplish a few other goals in the meantime.