However, it even says in the listing that the city doesn't recognize the apartment as a legal accessory apartment.

I'm thinking that these will hold value well as far as the eye can see:Vacation houses, the sort coveted by trophy-hunting buyers, which are on the waterfront or similar "prime" locations in the warmer climates.Starter homes in demand by Millennials, will be in demand for some time to come. 

.- $8,000.00 2) Remove and replace Bathroom (new tub or shower, new vanities and toilet, ceramic tile, paint, bath accessories). - $4,000.00 3) Frame and finish basement - $6,000.00 (with full second bath included will run about $10,000.)4) Painting a property of this size including the finished basement - $2,500.005) Remove and replace all doors (about 10 in this property) with 6 panel hollow doors - $15,000.006) Install HVAC to include Furnace, condenser and ductwork - $7,500 (If the ductwork is already in place we can have a 2.5 ton furnace and condenser installed for $4,000.00(ductwork is the most consuming and labor intensive part of installing a HVAC system)7) Install carpet on second floor(This includes all three bedrooms, hallway and stairs) and basement $2,300.008) Refinish hardwood floor and new color of the stain of for the living room and dining room - $ 900.009) Replace windows with all new energy efficient vinyl windows - $3,000.00I think that's all of the big stuff.

We will achieve this buy finding a home with a large lot, build a detached ADU (accessory dwelling unit) and rent it out ASAP. 

I'm not sure about Daly City but a lot of bay area cities are making it easier to do Accessory Dwelling Units (ADUs) aka Granny Flats aka In-law units.

I'm actively searching my target market for a multifamily property (duplex or triplex) that I can live in and rent a unit(s) simultaneously.I've considered broadening my search criteria to feature single family homes with a mother-in-law suite (accessory dwelling unit or ADU).This would give me the option to either live in the main house or ADU while renting the other.

It's an interesting article I posted on another topic (accessory dwelling units aka grandma flats) that might be an interesting read for folks up in Portland. http://www.nytimes.com/2014/05/08/garden/grandma-n…@Larry Fried  Eugene is pretty darn nice too.

The property featured an unimproved accessory dwelling unit (the second unit) that we worked with family friends to DIY renovate and turn into a fully furnished cash flow machine.

Junior Accessory Dwelling Unit.

A duplex is single dwelling with 2 units in the same structure.  2 single family residences would either be a 2 unit ineligible property type or it would be looked at as a single family residence with ADU, Accessory Dwelling Unit.To determine if it's 2 units, or a SFR with ADU they'll look at utilities, parcel numbers, etc.