Could you please share your experiences, tips, things to look out for? 

Well said Jordan, it's not as common in this market to have an ADU but there are some out there.

What made you interested in investing in this type of deal?

This is when you buy a primary residence (1 to 4 units, the more the better) which you can usually get for a very low down payment and get the best interest rates on and then rent out other units and/or bedrooms within your unit to pay for the mortgage and other expenses.

Hello Dalton, Is this an appraisal done before the work was completed where you gave them the scope of work and they are giving you the ARV appraisal?

Quote from @Kyle Lewis: Hello,I just recently bought some land for $50,000 and it appraised at $90,000.

This property is in the Extended Use Period though mid-2026.  

Here's a quick breakdown of the differences between borrowing from traditional banks and private money lenders along with some perks of private lending.1.

Quote from @Michelle Sharko: I’m looking to get a HELOC on my second home which I’ve only used for a few rentals, it’s basically our vacation home. 

Extension: Borrower may extend this note once for up to twelve (12) months.