My husband and I currently have a rental home in CA and want to utilize a 1031 exchange to build an ADU on an existing, non primary residence in FL.The existing Florida home is co-owned with our son, and this is currently HIS primary residence, not ours. 

Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

Meaning you can add another unit to your existing structure and 2 more units on the new subdivided lot.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

The 2nd unit existing tenant lease was brought to marketrent.

(No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of situations?

Cost will likely be around $120 - $160 / sqft depending on finish out and how much one the existing house needs to change.

Hello need suggestions/advice...own a business with property...Land next door was approved for Mixed Use Construction (Retail on bottom residential on top)..Construction has begunMy business is slow and is affecting bottom line..may need to relocate business and have developer build on my property...Would like to keep property and build same as next door(numbers will be easy to get including approvals) ...looking for investor ..Afterbuild units can be sold or rented...For exist plan total improvements $2.3+MPlease let me know thoughts....suggestions time sensitive..Thank you

I took out the existing planter boxes and made new ones, changing the layout, and poured some new gravel to make the walkway more weed resistant and add drainage.