If going with a full custom plan (e.g. you have a unique lot layout that will require a customized layout)… closer to $10K, including construction drawings, title 24 energy report & electrical layout, permit processing-Permits: $5K is typically what the total costs to the city will run for an ADU, even with the waived feesConstruction costs: $250/sqft + $10K-Building costs: typically $250/sf to start, for vertical building only.

Yes, I've had the Sue on sale clause called on me 10 times"The liability of having the Due on Sale called is that you have 30 days to pay off the loan in full or the freclosure process can begin.Once that gets filed, that puts a foreclosure on the seller's credit report and they can sue you.

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

I would highly recommend to invest in your area first to gain the experience and so you can be involved in the whole process and not have to rely on realtors, property managers etc.. because their opinion will be bias as they obviously want your business.

There is a process called “Subject To” and a similar process called “Seller Financing” that gives 1% or more monthly income.There are other ways called “SEO” and “Pay Per Click” and “Yard Signs” and so on.That’s right, you can buy 3 properties for $50,000 “Off Market”.

Obviously there is a process to dispute this and there are many rules about how they must be filed in each state.

We need to learn how to negotiate and to not get out emotions involve in the deal.

I am in the process of potentially purchasing my first investment property (a duplex in Dayton).

As a MLO myself I will say sometimes things truly do not change for 7-10 days during the loan process.

He is in the process of notifying his bank about the situation.