He did extra lawnwork and was a great neighbor too have.

Requiring occupant to have renters insurance is another possibility for extra protection.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

That is helpful, but do you find, like I do, that only maybe half of those people actually appreciate that you went an extra level to help them and answer?

And really, any ARV over $800k is extra "cash out" for you. 

I also think most markets won't see anywhere close 6% cap rates (for single family homes which is what I personally invest in).The questions you get to ask are then:Is the extra 4% worth the hassle of management and lack of liquidity.   

I’ve had the most success with quality for lower cost by hiring guys who have full time jobs doing the same or similar for extra cash during the evenings, but then progress is slow.

When ADU is complete, rent it or move in and remodel main house.After a few years, I think it is highly likely (again wouldn’t count on it, but would leave the possibility open) that CO allows and encourages those who build ADUs to subdivide their properties so that more people can own their homes.sell the ADU and main house separately, benefit from enormous upside.

Personally I like to build with cash to avoid the extra expenses, so I dont actually finance anything until its done and I have decided to hold it.

Now we have to build how many millions extra?