The original budget was $25,000, but we hired a contractor who did subpar work, requiring us to hire another contractor to redo everything.

Even of they do not pay, this judgement will haunt them every time they try to buy anything that requires a credit check, even renting their next place.

"Short term" is higher maintenance, of course, and requires "boots on the ground" on a routine basis.

Have been reading more online about HMLs and how to best use them for getting into Flipping.

Eventually, laws were passed that required the Banks to accept Replacement Cost coverage.Suppose you loan $500,000 on a property. 

The latest conversations at the city council meeting was about the various aspects of enforcement, part of the plan is to require the vendors to place Caps on accounts that rent in areas where this legislation has passed. 

Once you have that figure, estimate the monthly payment and potential rental income to calculate your DSCR ratio, ensuring it meets your lender's requirements.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Was there any remediation required and was it done?

The landlord laws favor tenants and (real law) some landlords are required to help find their tenants new rental if they want to evict (I kid you not).