Septic tanks are rated for the number of bedrooms in a house not the number of bathrooms and kitchens.As a real estate agent, I think the indoor laundry room would sell better than the laundry hookups in the garage and a really small extra room in the house.

For all its garbage filled yard and filthy outside, it has charm and a good location.  

As Erin Spradlin said, it's a bit of an art and a science.

Owner occupied ground up is usually the purview of local banks and they will work with you and a contractor on ground up for your primary residence.

You're speaking my language ; ) We've been buying and renovating properties that have ADU potential for quite a few years now and about a year and a half ago converted one of those ADUs to an MTR and it is working out great.

Also, what is it about an LLC,  should I get one to put this property under, and a different LLC for each future property?  

They want to buy the property in outright in cash and as of right now have no intentions to cash out refinance after stabilizing.

I've had a lot of the same questions and I came to the realization that I needed to have enough funds for the down payment, closing costs, and a reserve amount that I''m comfortable with.

With a keen eye for promising deals and a rigorous analytical approach, I am confident in my ability to identify and execute successful investments. 

I have 12-doors there and a super strong team/operation.