Going one step further, you could have an architect who is familiar with the ADU code in your area (very important) take a look at your property.Permit fees vary widely for the state so I wont commit to a number on those, but construction cost for a conversion on 500 sqft should be $20k - $50k depending on the scope of work.

Extra credit to anyone who can explain to me why Denver's planning department is emphasizing the plan to rezone to allow ADUs much more widely when they seem like such a niche option right now?

It's a group of 4 trailers built in 2017 sitting on .70 acres of land in a rural part of GA. 1bed/1bath single wide trailers with HVAC and city sewer & water.

Driveway is probably about 150 ft long but about as wide as a plow so it would be a quick push in and out.

Built by civil war soldier and prominent businessman, Charles Brent, this historic mansion was converted into apartments 50 years ago.11 Units: 1-2bed/1bath, 5-1bed/1bath, 5-Studio What made you interested in investing in this type of deal?

If you don't, you'll find yourself in analysis paralysis because you are casting too wide of a net. 

One of the great things about real estate is the abundance of options, so you could end up doing a wide range of things as you expand your knowledge.

There are a lot of revitalization projects happening and a very wide range of rental market opportunities, which was appealing to me.   

Check out Altos data for a source of nation wide as well as localized info to better determine ‘balance’ in your area…..

Even if I could get a wide-swinging range, that'd be more than what we have now (nothing).