If your plan is to sell the house within the next 7-ish years, then keep that in mind when designing your ADU.  

After being assured they would want to provide owner financing if there was an attractive offer- they came back 10 days later with a "we love the offer but we are not sure on the owner note".  

These are all areas that may need to be upgraded to attract new tenants into the building.

Not to answer for James, but I think that's very reasonable - the life of a good furnace can easily be 25-30 years or more (I'm at 24 on my own furnace at home), and adding the central air will help him attract tenants more easily.

Oracle Loans LLC was also created in January of this year, so curious if anyone has an experience with them because the details of their Real Estate Investing Line of Credit are very attractive.

I have been working for major companies for my career so far doing engineering design, equipment and property maintenance, assessments, repairs, contract management, construction management and much more.

I let them know that I will likely have some questions on their numbers but after I do an initial analysis, if the deal still looks attractive I would request to view a few of the units in the property and do a general walk through of the exterior, utility areas and common areas.

I'm sure that's by design considering the cost of this guy's upcoming seminar. 

Hi Mark,I used your spreadsheet design to do a quick analysis of a property in my area.  

Here are two of my favorite lease clauses that should help you. a.Landlord informs the Tenant that the sewer system of the Premises is not designed to accept many types of items, included but not limited to, paper diapers, sanitary napkins, tampons, and children’s toys, balls of hair, grease, oil, table scraps, clothing, rags, sand, dirt, rocks or newspaper.