As far as I’m aware, there are no permits for the initial construction of this structure, where can I look to verify this and if there are indeed none, how much of an impact would this have on converting the property into an ADU?

High cash flow high value add Lessons learned?

Make sure you know the value the ADU will add to the property before building the ADU. 2) the financing on an ADU is typically far worse than for initial investment property acquisition or is often not leveraged (HELOC, cash out refi, etc).

Tell the kids they are joining the Navy out of high school.  

Sounds like an ad, and high priced.

if so, take a refi that gives you 20-25% of the new purchase down payment. this will allow you to keep the cash flow high on the existing and have those funds as down payment to get a loan on the new. 

Working with KW you will likely get a lot of high-level education.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

Small duplexes in need of work appear to be obtainable for around the high-300s to mid-400s.

You make a valid point about the active involvement required in being a landlord, even in high-quality neighborhoods.