.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

At 19, you’ve already mastered what most people spend years figuring out—turning determination into action and action into results.

Value is based on each individual and they will need to determine if they think there is any value.

The 50% rule - in my opinion- is used solely as a quick back of napkin calculation to determine if it is worthwhile to do more investigating of a property. 

This will simply causes prices to be even higher, and continue to constrict demand... 

And of course simply have it demo-ed.

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

Quote from @Jemini Leckie: Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend.