Or a combination of both. 4 months on the market and lowering it to $1700 tells me that you might have a dump AND/OR your comps are WAY off.

Combine this with poor ADU valuations (especially in single family zoned areas) result in hands off ADU additions costing significantly more than the value they add.  

This can be hard to manage if you have a larger property with a regular size washer.

That level of cash flow, combined with the appreciation potential, could definitely be attractive to a new investor, especially if they’re interested in STRs.

Net net, I think it offers a product that is 80% as good as the best accounting software and 80% as good as the best property management software, but all combined into one.

. - Wife and I never made over $150k combined- Buy and hold is the primary strategy- House hacked twice- Took some major hits along the way.

Are you looking at cashflow or some combination of cashflow and appreciation?

@Joel BetancesThere really isnt anything to do here, you can ask your lender about the combined $1500 in processing and underwriting fees, but appraisals are running high right now.

So if at death it is worth $5m, and of that $5m based on the waterfall agreement you and your sister would get a combined $800k - that $800k does not get stepped up, just the $4.2m that belongs to your father does.If your father is subject to estate taxes, and there are substantial discounts taken on the valuation of partnership interests in his estate - that cuts back on the step up, but it saves steeper estate tax, so it is a worthy trade most of the time.

I stayed in a rental this summer like that, but where the washer and dryer were in our basement bedroom.