@Steve Morris are you assuming the risk is high based on the reward?

If you compare ADU addition with any larger development effort , either in size of unit or number of units, the return is greater because building single small unit is the most expensive residential development.  

For your $2M property, a cost segregation study estimates $316K in first-year depreciation (compared to $28K with standard straight-line), potentially saving ~$117K in taxes at a 37% rate.

If there were no risk there would not be a reward of building wealth.

Rents are up  compared to 2020 in my area.

It's a MTRIt's definitely a little more headache than a typical LTR, but you're rewarded for the effort with much better cash flow.

Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

Even if I have a claim every 10 years I will have saved $80k over that time period compared to the people who pay for better insurance.

When you are comparing a condo to a SFH there aren't many pros but there are a lot of cons.

As for NY which is from what I see a very complicated state compared to Trustee sale states the thing to do and the ONLY thing to do..