We spent the next two years hiring an architect to help us with the rezoning process and finally embarked on getting it zoned commercial changing the occupancy status from R-3 to B, S-1.

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.

You will see an analysis for "Test 123" with the photo that you are able to edit with the correct data. 

So ideally software to manage the process would be idea.  

If this sounds like it's doable, then I'll need to find one and get the process started.

How difficult a process is foreclosing on an empty lot? 

Do any of you have recommendations for Richmond lawyers to facilitate the process of originating and putting the property in an LLC? 

The only reliable data you'll get will be GRM. 

Do you use it for the whole process:  tenant screening, background and application?

It's also essential to stress-test assumptions, ensuring the deal can withstand tough scenarios.Using models or spreadsheets streamlines the process, but mastering underwriting takes time and experience, evolving with market changes.In short, underwriting involves dissecting financials, considering market trends, and stress-testing assumptions.