We found quality stuff for 50-80% off along the way including a pallet of flooring for a dollar a box.

We plan on implementing professional management, charge market fees, do some aesthetic updates to the property, and do a rebrand/relaunch as a premiere multifamily asset in a true "main on main" location.The underwriting is very strong, even with assuming high vacancy in the first year while we bring down units online and in the event not all 12 owners want to stay on as renters.

@Blake Jones  Buy a good quality paint-which is not always reflected in the price. 

or do we focus more on aesthetics of the townhouse?

Then we are moving soon to Columbus, Ohio (better quality of life for our young family, wife's brother and his family are there, my sister and family are in North Carolina). 

The key to STR’s, in my opinion is location, location, quality of upkeep, and proper property management.

I walked this project, very nice quality.  

I agree that in most cases you can buy an RE with an existing ADU for less money and effort that paying someone to build one for you  However, a lot of people already own an RE that can have an ADU/JADU added, there are not a ton of RE with ADU for sale otherwise comps would be easy, some investors plan on saving money via a more active role in the ADU construction, and building your own ADU lets you select the lot, quality, design, etc.  

My tenant claimed there's mold in the unit (there was ~2 sq ft), I had an air quality test done in January, it passed - https://www.biggerpockets.com/...Fast forward to February, she claims there's still mold in the air.

And the way I see it I want to buy a place that “I would live in” and the places that don’t have HOAs around here seem to have a steep drop in quality.