They generate about $300k in rent, I get to keep about $250k of that in cashflow.

Being "boy wonder" can lead to ego and pride definitely comes before the fall. 2) Irrelevant.

Whichever method of lead generation you decide on, aim to establish and maintain a relationship with prospective sellers. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

During this time you are not generating any return from the money invested in the ADU.

It’s a great option for those serious about scaling lead generation.

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

History: At one time (when I first began marketing for LPO leads for a fellow investor) the Free Ad Sites were the place to go to find motivated sellers.

I've only ever sent out an offer like that once, and that was to a preforeclosure lead that refused to discuss the property, instead telling me "that's not how real estate works, just make me an offer".