They have the money, they have time, but not pulling the trigger -- now that's our target.  

Juice is not worth the squeeze. linden is far from adu's making any sense. adu's are cost prohibitive from the beginning. we are talking $200+ per sq ft to build. the idea to build is to have equity. you can't build an ADU in linden and get the numbers to work on new construction at the lending of 75% after built value max thresholds. you'll be bringing money to the table over the minimum for what, to change the game?

It's not a waste of money at all if you choose a reputable company.   

Hard money loan How did you add value to the deal?

This property is probably a loser on day one, especially if you set aside money for maintenance and capex.

The 'what you get' for the money factor is highly applicable from Brookings to Astoria and licensable STR coastal vacation rentals are still regularly attainable at workable terms, Luxury and oceanfront and lakefront properties tend to perform above the 10% of valuation in gross annual income for prime coastal STR's and as an example I've seen a $2.1 Million Oceanfront home produce $300k in gross annual income.

Luckily I was able to convert a portion of the front lawn into an additional parking for not a lot of money, but I had initially failed to account for this inconvenience - lesson learned.  

I've had the same question and have had countless house hackers describe to me why house hacking is a successful strategy even if you don't make money while you're occupying one of the units. 

Now my lender are debating if I have to rebuild the structure completely with the insurance money.

They use this money to fund future FHA loans.