It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.

Definitely look at the reviews and ask about their whole process.

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.

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.

They cancelled our contract for "being out of process in the processing of your future S8 tenant's paperwork".

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.

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

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.

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.

I've done a lot of value add as well so that helped speed up the process.