I was wondering if the BP community here could help us with my ADU queries.

Listed at $209,000 was able to negotiate down to $176,000.Plan to total gut and give this old beauty a 2025 face lift!!

This isn't inclusive but should give you a good start.

This keeps it informal while also showing your expertise in both areas.

This would be either through hard money, partnerships, or some other creative finance.

This is fantastic Austin!

Without getting too deep into the weeds, there are a few ways to do this, including:- write up an assignable lease and an option to buy which the seller signs, then assign the lease and option agreements to a tenant-buyer.

This is assuming there is no personal use of the daylight basement, and it is 100% business use as an STR. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Your test ad doesn't mean this house is a great STR.