This may or may not be true, but either way it sounds like your best move may be a court ordered payment plan.

5) Home Warranties: if it's too good to be true - it isn't!

In the end, if the former is true, then lenders will value it as land with improvements.

This is true if the rent pays for maintenance, taxes & Interest.If the rent pays for maintenance, taxes, interest and some part of mortgage then it's better than 24%.If the rent pays for maintenance, taxes and you have to pay for mortgage and interest the return will be close to 6%.Property taxes and Maintenance are not fixed cost they increase with time like rent.

@Joel Florek You are as true inspiration to all of us new guys who need motivation to stop being a coward and pull the trigger.

Understanding the numbers is key to knowing whether a project will be successful or if it’s better to walk away.That said, it’s also true that every market is different, and combining a solid business approach with lifestyle goals can create unique opportunities.

SI is a true turnkey provider.

Very true Drew!

if you add one ADU, you will likely be comped against quads with maybe a slight adjustment for it not being a true quad.  

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?