I'd be a hard no in their position.

So if you discount a small amount to get rolling, that is something that can work, but don't want to stay low for long.You will start to get the dregs staying at your place and they can do some real damage to the place.

Or get work done with a good GC and pick off some subs you meet to do work direct for you.

How or would a 5 bedroom house work in terms of landing multiple nurses in a single home? 

So as a newer person in an area if you want a lot of bids before you close you'll normally end up with the more expensive guys or the ones that don't have work at the moment (usually for a reason).

I truly hope this all works out for you.

You shouldn't pay any draw until the work is done.

You'll love how the 1031 exchange can work with your model. 

SFR with ADU is no problem. but if you're considering adding an ADU to a multifamily property, consider the limitations you're creating on your back-end buyer if you decide to sell, or your own financing if you choose to refi. 

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build.