They have the money, they have time, but not pulling the trigger -- now that's our target.  

time = money

I think you're onto something...that VRBO is not currently investing much advertising spend in your market and is instead focusing elsewhere. 

Juice is not worth the squeeze. linden is far from adu's making any sense. adu's are cost prohibitive from the beginning. we are talking $200+ per sq ft to build. the idea to build is to have equity. you can't build an ADU in linden and get the numbers to work on new construction at the lending of 75% after built value max thresholds. you'll be bringing money to the table over the minimum for what, to change the game?

I ask cause an architect costs money and Im not rich.

It's not a waste of money at all if you choose a reputable company.   

The tenant above me paid upfront when they could because they were so terrible with money that if they had it sitting around they knew they would spend it frivolously.  

I know that I stand to make more money per renovation by just paying for the work, but I'm attracted to the idea of partnering with him for a few reasons.

Hard money loan How did you add value to the deal?

The rest of the money sits in cash in the opportunity fund.