Quote from @Bryan Melendez: Hello all, my name is Bryan Melendez.I am new to all thing's real estate, residing in South Florida. 

@Jacky Peng I'm trying to convince my retired parents to do a garage ADU conversion out near SFO airport where they live so please keep us updated here on the forums, I look forward to hearing how this all goes for you and what other questions you have along the way!

Then I purchased my own rentals that are all clean BRRRRs and grew my rental portfolio to over 7 figures.

Hey all - Been a lurker for a while and finally decided to jump into an account here.

Hey Kyle - i know this was 2 years ago but are you still familiar w/ the area or has your opinion changed at all on this?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

All of the NoCo franchises are jointly owned.

Those ain’t cheap, and one good catch by the inspector saves you all the money you spend on all the inspections.There’s an old saying: “Life is hard.

Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.

I think all the criteria you've outlined are very good data points.