@Brie Schmidt this is a great question, as many people are aware that the City has the ADU Pilot Program to allow thus type of unit; however, do not understand what it means for units which were already existing but not "Legally recognized".Essentially, the City see it this way, If you have an existing Unit that was built out/Added to the building Without a Permit, then it is an Illegal Dwelling Unit.The way that the ADU Pilot Program Helps in this case is the fact that these units were commonly added into buildings which otherwise would not have been permitted by the Zoning Ordinances, and therefore would have required some form of Zoning Variation or Map Amendment in order for a unit like this to be permitted.

So, going forward you'll want to consider how to recognize the warning signs that things are going south (figuratively speaking) for your tenant. 

It might be something I look at doing my one Self management down the road but with only 2 properties it is hard to justify the time. 

When a person is looking to take that next step and launch a syndication, the marketers all-but universally say step 1 is assert oneself as a market expert, ie "Guru".

(I recognize that the halcyon days are behind us, and this may still be a 5-10 year process.)I have been reading the books and listening to the podcasts, so I pulled a pricelabs market analysis on our first choice (dream) market, and then looked at the MLS to determine what price range we would be looking at. 🤯 Went to our more local second choice, driving distance market— 🤯.

The next day I get a phone call from a number I didn't recognize, it was the people that viewed the place before stating they never received an application from the real-estate agent and they were getting "nervous" because they really want the place.

As an agent myself who has onboarded agents to represent me in 8 different cities, I love to throw around a few terms an investor or someone with experience representing investors and has knowledge in the investment industry will recognize readily and then wait to hear if they're confused.

Recognized as one of the top 20 Bass lakes globally, the property enjoys high demand throughout the year.

You're just believing his propaganda and not recognizing it as his sales pitch.

Investors who want to learn a new business; who want to read and understand ADA law as it applies to innkeepers; who want think of new ways to attract guests, and enhance stays; who actively learn how to recognize and take precautious against high risk guests; and who learn how to do all this without refunding gusts left and right . . . those investors will always find opportunies.