You cannot calculate rent by subtracting off the rent of the ADU.  

Recognize buying rent ready units have very thin margins and most properties purchased off the mls will have negative cash flow.  

If it is only one flip for now, I suggest you find a CPA just to advise you on State filing requirements, ensure you are claiming all write-offs and issuing 1099s, etc.

First off, when I was doing my Zillow map search, it came up as in MS.

Good for them for making that kind of money just for making the introductions.The other thing about working with a wholesaler is that you are likely working off of their Contract timeline, not your own, since they likely secured a contract before you came along. 

Just keep those off your P&L right from the start.If you have questions on the maintence percentages on the POH homes... lmk and I may be able to help.Hey Roger thank you for your response.

We are considering selling it and investing the cash we get from that in another deal or paying off our consumer debt faster!

AT MOST you rent it out for 2 years and then sell it but honestly you’re probably better off just selling it.Assuming zero vacancy and zero capex you’re going to make about $12k/yr.

Being willing to live in a property that needs work is a big plus for someone just starting out who has the insight not to bite off more than they can chew.

I am always on the lookout for off market properties around the Sacramento area.