Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

And I am talking about owner occ conventional loans not commerical or PML or HML for those those of us that do it and take the associated risks we earn every penny LOL

I'd like to take a survey of these people who paid for these programs and see where they're at 2, 3, 4, or 5+ years down the line - did they make enough to quit their W2 jobs?

A great way to start is by attending RE events and joining a local investors association.

The costs sound a little low to me if you are talking turn key including permits, site work, utilities, plans, surveys etc.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Airbnb’s structure also offers a layer of protection and can sometimes reduce the risks associated with traditional long-term tenancies.Wait to Transfer: Some lenders may be open to an LLC transfer after a seasoning period, typically a year.

Sometimes, it's just better marketing (aerial photos, standard photos, survey) and sometimes it's doing perc tests and getting it build-read for a developer.I hope that helps.

I’m not terribly concerned about the house since the layout would make it easy to survey & subdivide to make it two parcels.

There may be a wealth of information you learn in those conversations.Also, take your deal to a local real estate investing association and ask for their advice.