Both fix and flip and BRRR strategies can be viable options, but you will need a strong team to help you achieve your goals and preferences.

First thing is you need to remind yourself on what your goals are for this property.

Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098.

My goal is cash flow with decent appreciation.

You have several options, and the choice depends on your goals and financial capabilities.

Would be happy to help and jump on a call to better understand your goals.

My goal is that in 6 months I have legit offers on the table for rentals or other real estate ventures that allow me to move away from education.  

I look forward to continuing working with you on helping you achieve your passive income goals (and hopefully surpassing them!). 

Yes, it can take more than a year to build an ADU, but it's much more common -- in LA, at least -- to finish an entire ADU project in six months.

Overruns are common.