Those designations are important because it will determine how the property is appraised (comps vs.

Giving feedback is required though, on user interface, design, functions, etc.

And they seek out like features: If your property is a 3/2 with an attached garage, they will favor comps that have attached garages over those that do not.However two appraisers can give very different appraisals.

According to the website, "This incentive program offers homeowners optional financing, design, permitting, and construction support to build a new ADU in the City of Los Angeles.

An LLC is definitely an option as well which does give you the asset protection feature, and allows you to have a written agreement among the three of you for several possible issues that could arise in the future. 

Curt, what was the hole time/build time, and did you have any issues with permits/design etc?

I like the search features: https://www.biggerpockets.com/search

The property also features two residential units that are in need of renovation.

If I designed and built some rental units myself, using my discount, I’m probably saving 20-25% on the construction of a unit.

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