Our first accepted offer was a 320 unit deal that we contracted, put up non-refundable (yeah, I know) earnest money, and thought we had our financing and money in place to do the deal.  2 weeks before closing a major (several million) partner pulled out leaving us short of the funds needed to close. 

Are you actually building the ADU or contracting out? 

Use this as a way to secure downpayment, then refinance and pay back the loan to secure your cryptocurrency.That said however, I think real estate investing is going to change dramatically over the next several years, largely due to smart contracts and tokenization.

Then, if you get a property under contract, get a quote.

He was the one who initially contracted the property and brought us on board as investors.We are deeply invested in this project and are looking for potential partners who can help us realize the vision we had for Corktown.

My second house was under contract before it was even listed, but the combination of my GC disappearing and having to restart the permitting process for the carport in March right at the start of Corona lock downs dragged that out and eventually feel out of contract.

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

I took out a loan with one of my friends, wrote up a loan agreement contract that we both signed and paid him the interest on a property early last year. 

Contracting has been the biggest lesson learned.

We are under contract on a property right now and negotiated $40k in credits to use to buy our rate down.