I dont have any experience in this market but have looked into it a little bit, I know that you can get the houses pretty cheap there but my concern was with the long term appreciation - I dont believe it is a highly desirable place to live and so there wont be much appreciation -however that is just my opinion and I really didnt look into it much,  I think it would be a cool place to live as I go to Monterrey all the time, but its hard to say. 

This could lead to a huge tax bill and penalties.Think carefully before you do this.Good luck. 

That helps out tremendously!!

Actually, this is one of the best ways to get into rentals.

Hi Nicholas, glad to have you as a part of this awesome community!

I am not spending $40k on their next step, but this looked like a good investment ($1500 and a money back offer).

The way I look at this situation is this:Let's say the rent you can get at that unit is $1000 as is.

Hi all,Looking to buy a R-C zoned property in Charlottesville, VA and add an ADU in the form of a converted 12x20 ft Shed for STR.

You might find a HML hard money lender that may offer this but your going to pay a ridiculous rate and points/fee's.  

I sold my property in April of this year.