PS  my Detroit section 8 folks were not the easiest .. compared to the bible belt..  

I will publish list of failed delayed projects for Grocapitus so people can compare against successful exits and decide accordingly.More projects that are dead in the water.Botanical SouthPark, Austin - Projected construction completion (Oct 2023), Projected IRR 20%, Preferred return 8%Botanica Chase Hill, San Antonio - Projected construction completion (June 2023), Projected IRR 22%, Preferred return 10%Park Lane, Houston - Projected construction completion (July 2022), Projected IRR 22%, Preferred return 8% Looks like all ugro projects.

Dustin, you're comparing apples and pears.

I whip out big project estimates in a few hours compared to a few days.  

Appreciation = Specilation/Gambling.We have little control over the factors that affect it, albeit for making improvements that will force it to compare with other likenpropetoes that are in a higher bracket.

Fortunately for our 100+ house community, the fire department was already on site battling the brush fire and about a dozen fire fighters frantically extinguished the 4 or 5 roofs burning.This is insignificant compared to what has happened in LA, Palisades, Malibu and Altadena however having lived through Hurricane Andrew and many other major storms even this experience was drastically more terrifying and chaotic. 

The fees for a refinance / cashout would be ridiculous compared to the amount of money you're seeking.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

there you go. the problem is appraisal. comparable sales, and your approach to building an ADU against the recommendation of your market. super beginner strategy it's popular in ohio as well but just not worth the investment. 

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.