As long as you are approaching people in a respectful way that you feel good about you can't help how people will respond sometimes.

Consult with a mortgage broker or lender to determine the best financing solution for your investment goals and financial situation.Property selection: Look for properties that have the potential for value-add improvements, such as cosmetic upgrades, energy-efficient upgrades, or additional amenities.

Go to meetup.com and search real estate for these meetups to link up with people that know your local market and that are doing it! 

There are many homes in areas outside of Claremont that are selling for $500k to $650k Many of the people we know are buying homes like this one with a construction loan for the ADU ($100k) and buying a home for $700k + $100k : $800k total at 5% down payment and ending with a total payment (PITI) of $6k minus $2k rents from ADU Total new payment of $4k which is easier to make and once interest come down some, they will refinance to drop their payment to $3k to $3,500 per month. 

@Pauline Sabado B-ham has seen population decline, but people I know there advise looking outside the city proper.

I have seen many people miss out on good deals because they are so caught up on making numbers work to their liking…when at the end of the day, they are just projections and estimate and will never be exact.

@Rachel H.Whoa, whoa, whoa, people.

It's also good to have access to other people who have done the things you're trying to do.

Where people can get into trouble is when it comes to "self-dealing".

Firstly, the people telling you to go ahead with it will not be there to pick up the pieces if it falls apart or is a daily headache.