If you are going to focus on listings only list ones that are priced well to sell before spending your money.

So spending 200k on an ADU will likely not increase your property value by 200k. 

IMO, the best strategy for that type of individual is to purchase residential property in an area they are or can become familiar with; in an area where the neighborhood is “on the rise”, typically where demand exceeds supply and people are spending $$$ on fixing up properties.  

We've been reading everything we can get our hands on, listening to podcasts, and spending time every morning reading and learning from the forums here at BP. 

Insurance doesn't cover anything anymore and we can almost just pay for all damages with the money we spend on it! 

There are lenders out there spending a ton on advertising with an army of correspondent's funneling them loans and many can very well be one and done borrowers because the loan servicing/construction admin is lousy. 

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

who used this his entire life and build a net worth of over $1 billion by the 1980s starting with absolutely no capital!  

So, realistically, how much time do you expect a PMC to spend getting multiple bids?