@Brian Ploszay definitely had some great insight.To expand on his first point, I think a "triple net lease" would be a good model to try to follow.Also, make sure that in the event your optimal tenant (drug rehab) were to move out, you have multiple exits to help you sustain any market downturn. 

The key is consistency and optimizing each step.Hope this helps, and best of luck on your wholesaling journey!

And most people that I speak with, will actually take the property for what it is today and write it off and try to find something that is performing more optimally.

But I have optimism.

I agree that Chase is probably not the optimal lender for this situation.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.

First, take a close look at your expenses—are there any you can trim or optimize?

Made sure water heaters were operating optimally and replaced those that needed it.

I hope the example illustrates why HELOC to finance ADU is not optimal not even addressing the risk of a variable longer term loan (I do not use variable on longer loans) or additional interest rate (these are secondary issues but I would have issues with HELOC even if the HELOC were fixed at the same rate as a new RE purchase loan (but HELOC are typically variable with worse terms than RE purchase loan). 

I have seen that even with optimized VR websites the OTAs will still rank higher, but it is good to be in the ballgame with them there.