It was a flip, and they opted to add about 400 sq ft to the former garage to make a pretty spacious ADU which was pretty unique and appealing.I closed on the property literally days before the lockdown, so it took until July to find qualified tenants. 

Hi Everyone, I'm hoping someone can help out on this unique situation.

It means that not only is it rare, it’s unique and genuine.

I too will be building from scratch but it's because we have unique constratints and personal interest in the layout design. 

I would not partner with someone simply because he is a friend.What does he bring to the table that you don't already or that you can't pay for?

Partner Chris brought deal to the table.

The realtor (referred by my wedding DJ) I bought my primary residence through 18 years ago knew I was investing in rentals and kept on sending me unique properties.

The plan was simple - The house was originally built as a duplex before being converted to a single-family home, so all it would take was a kitchen install, some framing, and a good bit of cosmetic work to convert it back into a duplex and add upwards of $50,000 to its market value.Now, the deal on financing was that I'd bring $16,000 to the table, and my HML would cover the rest of the purchase price along with a $35,000 escrow for construction costs all at a 12% interest rate along with 3 points up front - Yikes!

Certainly in LV, more deals will come to the table over the next 3-6 months.

Memphis is a very unique market and think having experience as mentioned above in knowing the areas and neighborhoods to buy will is vital.