My and my soon to be wife both graduated college at the same time and we make a combined $150k/year ($75k each) We are still living at home with our parents to save money, and we want to build wealth in real estate. 

The title company that is located in the building were the foreclosures are held ( they are actually held in the parking lot of said building.)

My questions stems from wanting to take out a 2nd mortgage to build an ADU now while rates or high or keep waiting until rates drop.

I also am considering buying land and building, so would love to hear thoughts on that as well.

So far I like what I've heard on podcasts about these build-to-rent properties and would love to hear from anyone who has dealt with them and their FL properties. 

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.

Gutted the entire building and left the exterior as is.

My new wife and I are moving to FL with family because we think we'll be able to build wealth much easier here.Luckily, we'll be living with family for a bit while we get settled.

Please always remember that this man has committed himself/his life to you, and it sounds like he wants to focus on being your husband and building a home for his wife and his new baby.  

with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.