The $380K insurance payout is typically not taxable if used to restore the property.

They obviously cannot control some costs, but they do have input on things like maintenance and repairs and some other things.

Those are the cost of doing business.I will use my clients property, purchased last year as an example:(57,000+6228-3500)/$190,000=31% IRRMy client lost money throughout the year(repairs, vacancies, etc) and had an 8.1% interest rate.All this to say if you can stomach a few down or flat year, you will make a killing!

In my market the valuation with f/f non commercial financing is typically lower than the hands off cost of adding the ADU.  

You'll typically need to set up your account and get familiar with the process of working with the local housing authority.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

. - RentReady repairs & vacancies between tenants can blow any projected ROIs.2) Warren Buffet - go where others aren't.

.- Can't see a Senior-Only complex allowing Short-Term-Rentals (STR).If so, SELL.2) What is the history of Association Fee increases and how well capitalized is the Association for future repairs?

Often times they come back with a list of repairs that they would like to see to protect the home or mitigate liability. 90% of the time those items were on our list to fix anyway, and sometimes we even haven't done before we get the letter from the insurance company.

since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.