Above is picture from original listing purchase.

I purchased the house for $145,000 and they were asking for $180,000.

Purchase price: $525,500 Cash invested: $40,000 Sale price: $658,000 Contributors: Peter Vekselman Partner Driven, in collaboration with MH Property Solutions, successfully completed a fix-and-flip on Rick Rd, Reading, PA 19607.

In addition buying an existing ADU has the following advantages over building one 1) typically pay less for the ADU than the cost of doing a hands off ADU addition 2) get RE purchase financing which is superior to financing that is specific to the ADU addition.  3) there is no delay between financial outlay and income when purchasing an existing ADU.  

Specifically anyone who has purchased in the last 12 months.

Hi Damion, There are flexible financing solutions for investors on fix and flip purchase transactions. 

National economic trends, local economy, neighborhood situation, home condition, desirability as a rental, demand factors as a purchase, and too many other factors to mention. 

I have found several with two entrances / split levels and a common laundry space such that I could rent 2-3 BR to another family or 2-3 professionals and earn $1500-2000/mo on a $200-250k purchase while living cheaply in the other 1000 SF of the house and having limited forced interaction with the roommates/tenants. 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

i have a couple quick questions about using rental income to qualify.This is my first (possible) purchase and basically the home price is outside of my range to qualify on my own.