I also run a website for laundromat owners and prospective owners with a ton of free information and resource.

Hello everyone, talking from an Italian prospective.

You first want to know that those framed out "units" have the proper permits, zoning, etc.

I work with clients worldwide.Add @Lance Lvovsky to your short-list of prospects to interview if you are based in south FL.

According to the website, "This incentive program offers homeowners optional financing, design, permitting, and construction support to build a new ADU in the City of Los Angeles.

- on what kind of notice will this be permitted- does the other have 'first refusal' to take over the whole venture?

Curt, what was the hole time/build time, and did you have any issues with permits/design etc?

None were reported nor discovered during inspections as the tenant did not permit the PM to enter the unit [now we know why].

@Kyle Curtin I'm speaking from a completely different market prospective (OKC is VERY insulated to recession so holding rent rates and property value through even a steep economic downturn is pretty safe to bet on) but if I had to choose between building equity myself via a SFH owner ocupant mortgage or not building equity at all via renting or utilizing a tenant to help pay down my mortgage,  I would absolutely utilize a tenant.

Potential SF property for $70k, rent would be $800-900. Upon reviewing paperwork, noted that the foundation is check to have issues and cracks on the wall. Should I even waste my time and money paying appraisals etc o...