You have quite a bit of capital for the down payment, and I'd suggest allocated a chunk of it to ADU construction.The second problem is finding a vacant building.

Does anyone of any suggestions on emerging areas that would be a great place to buy something in the range of 20-40 units?

@Faisal ZamanI would suggest accepting rent payments only by money order or cashier check to avoid issues with returned payments.

Additional servicesCandidly, that's probably a pretty fair price assuming the filing is done correctly.

I've been thinking about your interest in investing in property and wanted to suggest reaching out to a property management company.

If your home inspector suggests drains are draining slowly or something along those lines then it might be worth your time to get a sewer inspection.

I've financed a bajillion flip deals in addition to doing it myself.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

I suggest using the one in the biggerpockets tools for a rough estimate.

I suggested it to the seller as an option if the GC refuses to sign a release of liability.