When an appraiser is adjusting a comp to match the subject property, he or she will use an adjustment based on the difference in square footage.

Anyone have a cheat sheet or checklist for covering your ADU bases?

.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.

I'm also based in California.

It would still be based on the revenue it produces.

Then based on purchase price and escrow I back into how much money I would need to put down to reach my cashflow goal. 

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

Tenants were ecstatic that I have been fixing things that were neglected for years and based on units in Clinton trading for about $200k a door, the property will likely appraise for 750k+ Lessons learned?

We are based out of Kokomo which is right outside of Indianapolis.

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.