Peoples sexual or religious preferences are none of my business but do they follow the terms of the lease is what I am concerned with.

A business partner and I purchased a pizza place in Tampa from a small Italian chain that was wanting to move out of the market.

Real Estate Investors can play ahead of the game by learning about 1) Real Estate (of course), but not the basic stuff....all the tricks that can make you stay one step ahead of your competition. and 2) Construction - How a house is built and how to fix, remodel and add value.So for #1, you can just make this forum an addiction.

I came to know an Englishman whose business was the purchase of very old, very decrepit houses on rather large estates.

Ignore post, already posted before

Hello, this is my first rodeo on investing in a run down house, my Amex gold business card approved me to spend 120k and I got approved for a line of credit for 50k.

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

I don't have construction experience. 

You could also instead: get a construction loan and buy a fixer home with no ADU and you build it yourself. usually - I see people buying a home like this for $650k to $700k and then adding the ADU for $100k where you end at $750k to $800k with a well renovated home! 

Hey @Josh Goertzen - It's been a minute, good to see you've been busy!