This implies 1) There will need to be market appreciation to be able to extract value via a refi or selling 2) It is cheaper to buy a property with an existing ADU than to add an ADU.

Unbenowst to me, her previous landlord who she had a private relationship with....I think it was sexual in nature from what she claims... evicted her the week she began moving into our place for a small dollar amount.

If it is, then you may not have any other recourse unless you had some natural disaster clause in the contract.

Naturally the PM is no more; we do our own now, inspect all units either every six months or once a year depending on how long the tenant has been there.

We switched every unit to natural gas after we purchased them; I would make this a goal if you have oil currently.

@Stephen Colaco The most basic definition is that an accredited investor is a natural person who has a gross income of $200k per year if single, $300k per year if married OR has a net worth of at least $1 Million excluding one's personal residence.

Properties that start cash neutral or a little cash negative quickly become cash positive at the first or second rent increase.  10 years down the road, they are very cash positive (assuming no equity extraction).These are not ordinary times. 

They had the home locked in at $220,000.Does anyone out there have any experience with purchasing real estate following a natural disaster such as this? 

Outside of arson or a natural disaster like a twister this is horrible.  

I am skeptical by nature and prefer to do my own research/due diligence.