I’m looking to access some of the equity in the home to buy out my ex-partner, and my goal is to either convert the house into a multifamily property or add a dwelling unit (ADU).I’d love to hear any advice from the community on the best way to approach this, particularly in terms of financing options, legal considerations, or any similar projects you've completed.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

So I said, "well, if that isn't the path, what is the better approach?"

He broke down:How to approach larger projects.How to overcome barriers to entry.How to see possibilities that were previously invisible to me.What stood out to me most was the clarity and confidence he brought to the table.

Another approach would be to just keep my eyes open for all sorts of deals of any type, and to try and go for it when a great one comes up..

I just want to focus on what I do and whether I can legally employ one or another approach/strategy, to test its viability.

I liked his perspective, his approach to investing and his “voice”.

The lone ranger approach works for some people, and I'm certainly not saying this is the only way or the "right way" to success, but for me and others in the community, it has been valuable and rewarding.