However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

This aligns with my interest in passive income.I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.

These properties often generated decent revenue but underperformed simply because they didn’t stand out visually.3.Natural Language Processing: They also trained an NLP model to review poorly written Airbnb descriptions.

Having an exit strategy can also just simplify the process in case one of you has a life event and needs to exit the deal.

This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

Also happy to answer any questions about the process if anyone's considering adding them to their marketing. 

This process is repeated over and over and over. 

If he’s open to it, that could reduce the upfront capital you’d need while making the process a lot smoother.

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.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.