I think it would be worth It to schedule a few consultations and ask what you can expect if you hire that company and how it will benefit you.The bottom line is having a RE focused tax professional is a great option that can be worth its weight in gold.

I think we already reached the inflection point mate.Old school "Hard Yakka" has gone out the window.Look at folks getting their panties in a tangle with "return to office" company mandates hahaI'll stop there and and say no more so it doesn't get misconstrued but I"m not too optimistic over the next 20-30 years when it comes to the current work force maturing and being expected to "pull the weight".Thankfully we have AI and maybe even robotics taking over lol

-joeNet CF from investment 1yr= Owners equity+Gain on sale in y1+ Total return from operations for that year.For years 3 and 5 add the principle reduction from the previous years and voila.Exit price(his estimated sale number)- total purchase price= gain.

This will result in either an increase in net income or a reduction in net loss by $136,869 on the 2023 income tax return.

I don't think we will see meaningful reductions in rates in the next few years (if ever).Many areas have SEVERE housing shortages.

The data I am looking at is average price reduction from June 2022 through January 2023 and then also looking at where values are today versus January 2019.

What this means for you s that there is a good chance that your existing SFH becomes rent controlled when the ADU is placed in service (I would like to see the law clarified on this as this practice goes against the rationale of the 15 year exclusion). the reason this is important is that any rent reduction places your base rent at that point for rent control purposes.  

As people mentioned, the homeowner exemption is only if it is your primary residence, but it is a reduction to the taxes that you may not get and there is not an increased rate for you being out of state.

People are extremely friendly and our foodie scene punches way above its weight.  

It's definitely a flawed comp method on it's own but if buyers and sellers put weight on it, then it needs to be considered.