I see you had it as an off market pocket listing, can you share some of how you came to find the deal in the first place?  

Joint Venture: Team up with an investor who can contribute capital in exchange for a share of the profits.

All of a sudden we get a 50 basis point cut?

You should call a couple local banks to discuss the types of investments you may be looking for.Alternatively, a great strategy for someone just starting out is House Hacking.

Best of luck on your investing journey!

There is a great group of members on here to connect with.

Been having trouble finding properties that cash flow, so I’m wondering if our assumptions are part of the issue.I use 10% of rents for vacancy, 10% for capex, and 10% for property management.

NJ, NY, FL, and CA throughout most of my life, but I like a lot of markets out there.

In general ADUs added in single family zoned areas are typically receiving valuations of less than 50% of the hands off cost of an ADU addition.  

The biggest issue I see is control of the thermostat.