That house is now in its second month of returning $1100/month net.I'm ready to make real estate investing my full time job in 5 years, with my biggest interests in small multi-family (2-6 unit) buy & hold rentals in the Austin-San Antonio corridor plus Houston, and will probably feel the bug bite again to take on another BRR project as the second or third house (let a gal rest for a minute!)

I think the biggest lesson on this one for me was that if you just start doing stuff, things can happen.

The biggest problem was water damage from a busted pipe and water damage to the added porch.

@Todd DexheimerPatience will be my biggest test .

The biggest hurdle you run into getting these completed is getting all the contractor information complete and approved.

What are some of the biggest issues you have with working on these homes and with these types of loans?

You just discovered, the biggest pot of gold this side of your nearest rainbow. 

Thats the biggest thing to move from inaction and towards the deal process with first time (and even experienced) investors, is EDUCATION. 

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.

Price isn't the biggest factor, ease of use is for me due to the demands of running more than one business.