This likely would come close to the cost of a ground up 3/2 ADU addition which is rare.  

You should be going to a lot of real estate investor meetups, there are several in Buffalo, and making connections and just learning from what others did.

Then shut it down to frame it up, put your roof on and close it up in a couple of weeks. 

If so, you can immediately refinance after closing - this is called delayed financing.

Start by using social media investment groups to start your data base, then start going to live Meetup events to connect with other potential cash buyers.

My husband and I sold our investment property and are about to close on selling our primary residence.

I'm particularly passionate about wholesaling, marketing, and finding ways to raise capital.Outside of real estate, I enjoy being outside and enjoying my wife and three boys.Excited to learn and connect with you all!

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

This property is close to the down town, near a bus line, and fit the business model.

I'm particularly passionate about multi-family properties.Outside of real estate, I enjoy time with my family, exercise, and the outdoors..Excited to learn and connect with you all!