Or a combination of both. 4 months on the market and lowering it to $1700 tells me that you might have a dump AND/OR your comps are WAY off.

So if at death it is worth $5m, and of that $5m based on the waterfall agreement you and your sister would get a combined $800k - that $800k does not get stepped up, just the $4.2m that belongs to your father does.If your father is subject to estate taxes, and there are substantial discounts taken on the valuation of partnership interests in his estate - that cuts back on the step up, but it saves steeper estate tax, so it is a worthy trade most of the time.

. - Wife and I never made over $150k combined- Buy and hold is the primary strategy- House hacked twice- Took some major hits along the way.

Combine this with poor ADU valuations (especially in single family zoned areas) result in hands off ADU additions costing significantly more than the value they add.  

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, in addition to having a strong value-add element.

Net net, I think it offers a product that is 80% as good as the best accounting software and 80% as good as the best property management software, but all combined into one.

That level of cash flow, combined with the appreciation potential, could definitely be attractive to a new investor, especially if they’re interested in STRs.

@Joel BetancesThere really isnt anything to do here, you can ask your lender about the combined $1500 in processing and underwriting fees, but appraisals are running high right now.

In your opinion, would you choose Section 8 over Traditional or Traditional over Section 8 or a combination of both?

The safest bet is to try to get a variance from Union City. though clever, your combined unit lease agreement would likely cause trouble if ever scrutinized by the Tenants or the municipality.