You are afraid of rent control, but if you add an ADU and it is detached, the main house (if built prior to 1978) may eventually become subject to LA Rent Control. 3.

The $200k financing would serve as a purpose to be a downpayment, or do you want the $200k to be the top limit of the investment?

While the reality for most of them is they will refund you, they can and usually purposely engineer their courses such that, "in order for you to be successful, you have to try it for 90 days".

Hey Joshua, I own a property management company in Maine.

What's your purpose of hiring someone on an hourly rate? 

Water and sewer about 200 yards away.  1 mile to the main highway.  

Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

I wrote the above for informational purposes.

@Kyle Atans  or PHX when building stopped dead cold and they deported half the construction workers who happened to be 80% of the tenant base.. same with central CA building stopped  no deportation though :)I just bought in Vegas for semi retirement and tax purposes I kind of like were it sits now.. but no question your timing of that market was impeccable.. !!! 

For our purposes it's all for an income stream.