As long as the ADU is under 900 sq. ft. and meets the state building code, there will be no variance or special permit needed, so no ZBA or neighborhood meetings.

Should it be a percentage of net profits, a fixed fee, or another structure?

Hi, does anyone have recommendations on investor friendly closing attorneys in Rochester, Syracuse, or Utica (or other area of Central New York)?

Never heard of them....so don't know good or bad.   

I am also wondering what to show for CAPEX schedule, if it should be anticipated expenses in future or just show the past expenses, or should it just allocate $ for each month. 

are you handy or do you have team of handyman when issues arise?

Or Cody Sperber with Clever Investors?

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Resist the temptation of a cheap property/market.It's also going to feel like you are not making any progress in the first year or two.