Hello Sharma, overall this looks like a solid deal but I do have a couple of thoughts!

The other request came from someone that had originally thought his ADU refi value was OK. 

Getting into a property that has negative cash flow can seriously hurt, even if you've thought out a magnificent plan for it.

If you find yourself second guessing your own preparation or dealing with more difficult topics such as a cost segregation, then it is probably a great time to at least consult with a professional.

If they are like a BP-er where they thought their skill was what made them successful for the decade prior, then yes folding is the right solution.

2) I will very likely need to pull permits for this property and I don't want to and up in a lurch as I am relying on the ability to update the electrical to make this deal happen. 3) Any thoughts as to whether to try to have it rezoned to residential or to multi use?

Thoughts?

Many Goosehead agents are not prepared to deal with owning an insurance agency and don't last long.  

I came across your post and thought I’d reach out!

The tenant thought I was the maintenance guy so I let that idea stand.