A local RE professional should be able to provide this information to you as well.In New York, we deal with this scenario frequently and oftentimes it does not make sense to legalize ADUs because the permit process is extremely lengthy, the cost is high (sometimes $150-300K for 1 ADU unit), and the potential increase in property valuable is not worth the risk.If you already have an approved permit/plan and can get your renovation down to $80K, you may want to consider this project if the ARV is say north of $800K.** You should also look into any potential property tax increases associated with this change.

Like others have mentioned turnkey is a great option, there are several providers that operate east and north of you where the price points/rents are more favorable while laws remain landlord friendly.

May states ca provide a good return/cash flow on a purchase price of $175K to $300K.

So, I was going to transfer it to a living trust with myself as the beneficiary and trustee.

I work with hundreds of out of state investors and quite a few physicians and most of them prefer to invest passively through a turnkey provider since their calendars are quite full.

I am available to answer any questions you may have regarding this disclosure and can provide documentation of my degree and employment if helpful.Sincerely,Jonathan C.

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.

She will be very wary of any deal that transfers the deed out of her name. 

I’ll PM you and a few folks who provided comments.

You provide a basic outline of a plan most investors can use to create a 7 or 8 figure net worth.