Also @Jonathan Taylor was spot on, investors are not seeing the resale value they assumed they would get on ADUs.One of my clients purchased a SFR with ADU and the appraisal came in $30k short, I shrugged my shoulders, we reappraised and it came in less (miraculously) and got a $25k price decrease.I told the appraiser for my recent SFR purchase about my plans to build an ADU there and he looked at me and said "I didnt know they would let you do that." 

I was always a fly on their wall and looking over their shoulder a they would do their books and talk about business.

I've only been at it for 3 years, but our return on real estate is head and shoulders above the long term market average of 7%, and even more so of the past 2 years.

Also, the benefit of that type of financing would be that you have somebody very experienced in rehabbing double checking your numbers and watching over your shoulder, and hopefully available to help you through the process when needed. 

@Jason Lam you might want to check out foreclosurephilippines.com and look for condo units there. you could also go to the city courthouses as well if you have the time. if you're already leasing out your units, you might want to have the tenants shoulder association dues to free up more cash flow for the amortization. 

Hey Mike, I would suggest (as you mentioned) going to investor meet ups to see who you can rub shoulders with, I would be hesitant to work with a mentor over the phone, especially one I have never met before. the real estate roundtable ( look em up on FB ) is a great meet up here locally, there is a west sac meetup help monthly by my friend @Sergey Tkachev which is also great. 

I really don't want to give up and go back to watching dancing with the stars ;)If you can shoulder the worst case scenario of no renter in the first home and two mortgages then I think you should give it a shot.

Prices are up now, so maybe watch for what remains on the market in the approaching shoulder season. 

@Kathryne Omaits - You appear to be a class act and have good head on your shoulders! 

I know the big names in the paid training space but I'd like learn what I can by just rubbing shoulders with others - at least to start.