A local RE professional should be able to provide this information to you as well.In New York, we deal with this scenario frequently and oftentimes it does not make sense to legalize ADUs because the permit process is extremely lengthy, the cost is high (sometimes $150-300K for 1 ADU unit), and the potential increase in property valuable is not worth the risk.If you already have an approved permit/plan and can get your renovation down to $80K, you may want to consider this project if the ARV is say north of $800K.** You should also look into any potential property tax increases associated with this change.

As for vacation spots, easiest way to increase attraction is getting creative with designs, especially with paint and get GOOD photos with professional cameras.

He replied, "I don't know how you keep finding sellers willing to do that".Here is the secret sauce, know and understand the seller's motivation, ask questions, and don't be afraid to ask for the terms you want.It is more common in medium-sized multifamily where it is a business but not large enough to be professionally managed.

@Matan Paret  There are a few ways to appoach the start of your real estate investing journey and it is highly dependent on career path.

After all, you're targeting a specific, high value commercial niche that's usually dominated by well connected professional brokers. 

It still wouldn't be enough profit to do this full time without another job.I see lots of people online who have quit their full time job and are doing Real Estate Investing only, buying new cars, being able to travel and I am wondering if this is just their "online persona", it is because of the amount of properties they have that has given them this financial/work free freedom or I need to find somewhere else that would give me a larger return.Either way I am still moving forward on my journey :) I was just curious because that would be my dream goal to not have a 9-5 and my investments give me that freedom.

Hello all, I am a newbie to real estate investing and I’m beginning to start my journey.

I still do and would like to explore this part of me.I’m here to “get into RE”, to learn and to meet wonderful like-minded individuals and mentors.Look forward to embarking on this journey.

I am thankful and looking for feedback from our professional tax preparers. 

My professional goal is to become a “sophisticated investor” and I am seeking any sort of Jr.