Even if we got a higher rate then it would have still worked out not having a balloon payment next year.

Price to rent ratios have skyrocketed everywhere and it's pretty unlikely rent will ever get to a point where it evens back out because at those levels it's just as cheap/cheaper to buy (not to mention most renters can't afford anything like that). 

I just received the appraisal back and the house appraised for much higher than even I expected ($407k).

We genuinely value architecture, history, design and quality, even if that means minimizing profits.

Even if you are a US Citizen and live abroad you may run into issues as you are not currently living/working in the US. 

This is because one ADU unit should not require a 1000 hours even with a rehab. 

Even in ChatGPT, you can ask about a property and it will pull in latest data, then you can ask to do any kind of analysis on top.

It might not even apply to you - just another issue in a somewhat gray area of real estate law.But remember- if a buyer buys the home in a double closing - no issues whatsoever - anywhere. 

Yet another reason, (albeit not in the top three) why all rental property should be in an LLC with a wife or child as a partner (even .1%) so as to file the Form 1065.Number 1 is liability protection, Number 2 is privacy, Number 3 is ease of transfer for estate planning, Number 4 is possible sale of the LLC to conceal sales price (also called drop and swap), Number 5 is having a single entity for financial reporting, Number 6 is brand identity.

This experience proves that even with challenges, strategic renovations and persistence can lead to a profitable outcome.