@Caryn Fischer You can sell your house to your child below fair market value (FMV), but the difference is treated as a gift.

(August 2022)Single-family residence buy & hold investment.Current Value Estimate: $410,000 Purchase price: $345,000 Cash invested: $5,000

Feel free to reach out if you need a brain to pick.

But if you're more into those value-add deals, definitely start local!

I would go a step further and say there is a Thought-Cancer in US Society today that people feel there not only entitled to affordability, but that it's focused to and for THERE "affordability".

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.

What am I missing here, feel like those are a good deal.

Is just the fact that no garage could be a no go for some buyers enough to build it even if it only raises the value by the actual cost?

However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

Feel free to dumb this down for me, I want to learn and have had this goal for a long time.