I'm also a programmer and techie so I'm always building some software or service to make real estate investors, landlords, tenants have a better experience and a more profitable one.Thanks everyone for making this awesome community, hope to be able to contribute!

I have never had tenants or applicants complain about the old windows.I see a lot of landlords that throw a ton of money into cosmetic work that will never earn back the costs - be thoughtful about whether this is truly necessary.

We actually go a step further and will ask to see the applicants current residence, you will quickly vet out any bad applicants when this comes around.

A “qualified rehabilitated building is any building:Before the beginning of rehabilitation was placed in service as a “building”That has been “substantially rehabilitated”That is a depreciable propertyClassified as a certified historic structureWhat expenditures are considered to be a “qualified rehabilitation expenditure”?

Even if you have to pay more for the purchase think about the costs of carrying the real estate while waiting for the approvals  (debt service, property taxes, insurance, maintenance for the in-place tenant) and the additonal finance charges associated with originating an acquisiton/bridge loan and then a construciton loan at a later date. 

I read from multiple sources that a general purpose 401k loan will not show up on a home loan application.

What this means for you s that there is a good chance that your existing SFH becomes rent controlled when the ADU is placed in service (I would like to see the law clarified on this as this practice goes against the rationale of the 15 year exclusion). the reason this is important is that any rent reduction places your base rent at that point for rent control purposes.  

Also, if you setup a servicing company to manage the payments (usually like $25-35 a month), they can setup an escrow account for taxes and insurance as well and cut a check to her Trust bank account each month.

There are some in the Reno, NV area that offer tenant screening services only. 

In the Tampa area it is still possible to achieve a 5-10% CoC return (sometimes higher) on a property here if you are hiring full service management.