I have partnered with my uncle (who showed me on to BP), and we are just trying to find the best way to find deals in a hot market.

If my offer is 900K, and somebody else offers 915K, and we are both using Agents, then the Seller will of course take the 900K.

I am sure that we are colleagues, I don't think we met in person ever though.

We are scheduled to close on Friday but have been under contract for 6 weeks while I completed my rehab.

The question we are having a tough time with is how to value the investment in the ADU relative to the total property.

I have been doing a lot of reading and researching (on biggerpockets and else wear), but feel stuck/nervous about getting into my first investment.

We are needing a better system to estimate repair costs etc when purchasing

This differs market-to-market and I would defer to your local broker for accurate information but most people would tell you where in "the 7th inning stretch" at best which means there is a good chance we are in a down market in 6 years.

Hey Marcus, we just did that exact suggestion on a property that we are going to rehab.

We are currently developing a bid strategy to maximize the potential sale price of the underlying property."