Land value is probably $70-$75,000.

When I look at the comparables over the last 3 months the average sale price is about $235 per square foot, which would put me only at a resale value of $495,000 ...not worth it.However, there are comps from January of 2022 through July of 2022 that strongly support $300 per square foot putting the resale price of the house at $630,000... totally worth it.My real estate agent, that I've  worked closely with for the last 4 years and have probably done about 15 deals with, ensures me she will definitely get $595,000 minimum for this property, and if I knew that for sure I would do the deal.

How did you add value to the deal?

It is just a loan modification based on the market value of the house.

I read ADUs are valued at lesser $ per sq feet than main house.

The nice part about real estate, however, is that since a property's tax value is depreciated over the course of 27.5 years (39 for commercial) that depreciation is considered a "loss" and counts against any positive cash flow you had.

I am not this patient 2) value adds.  

My main question is for condo-purchasing: If I purchase a condo in let's say Brickell or Wynwood, could I say it is more likely to rise in value long-term (15-20 yrs) vs. a duplex in Miami shores?

If you intended to keep them long-term, it doesn't really matter what their market value is right now.

People think that they can cash in by suing them thar rich property owners.Regarding the amounts to insure, we just increased our rebuild value to $350 a square foot.