Self storage  did a deal for him were I gap funded it buyer needed to close in 3 days there is 400k in equity I  put up 75k to close the deal and we get 100k back when it sold no matter what its sold for plus cash flow..

So we went into the commercial space and pivoted to self-storage.

Let the tenants use curtains that are cheap and easy, plus it allows them to determine the color/decor.Tear out the sink and replace with a vanity that has more storage and an updated look.Unless this is a B or better property, I would probably leave the current mirror/vanity.

@Doug Spence check out https://symbium.com/ it's a good site that let's you see your lot's feasibility and connects you with ADU contractors.  

I'd never buy a development unless I was confident in the valuation and there was data to back the feasibility of the build. having preliminary approval is very different than permit ready where you can put a shovel in the ground day one.

And I genuinely hope it does not for you.What I do hope that's accomplished from this dialogue is that nobody walks away from this thinking your strategy is good/smart/feasible. 

Also, especially in Near North, everyone we've had apply for the place loves that we are upfront/transparent and include parking and storage in our rental price since so many developers and larger buildings near us market the unit at one price and then when they find out it's another $300+/month for parking it's out of their budget. 

I would tell you to get really, really smart on self-storage, mobile home parks, or something that can be run by a low-skilled employee and pretty hands-off. 

If you are doing 4 people, remember to add extra storage in the kitchen and to have at least 2 if not 3 prep areas (eg island and two places on the main counter) and a larger fridge.

Hello,I've been working on getting my first house hack deal in the central valley in California for almost a year now. I've looked at on-market deals daily, joined all the Facebook groups where they post "off" market ...