If going with a full custom plan (e.g. you have a unique lot layout that will require a customized layout)… closer to $10K, including construction drawings, title 24 energy report & electrical layout, permit processing-Permits: $5K is typically what the total costs to the city will run for an ADU, even with the waived feesConstruction costs: $250/sqft + $10K-Building costs: typically $250/sf to start, for vertical building only.

We have a team that can help with every step of the process from purchase, to rehab, to renting it out and managing it. 

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

I would highly recommend to invest in your area first to gain the experience and so you can be involved in the whole process and not have to rely on realtors, property managers etc.. because their opinion will be bias as they obviously want your business.

There is a process called “Subject To” and a similar process called “Seller Financing” that gives 1% or more monthly income.There are other ways called “SEO” and “Pay Per Click” and “Yard Signs” and so on.That’s right, you can buy 3 properties for $50,000 “Off Market”.

He is in the process of notifying his bank about the situation.  

It's fairly straightforward process in my state - just time consuming relatively (costs $250 and takes 2 weeks - so pretty easy compared to a lot of states out there). 

When interviewing Architects, ask them if they have experience with the Planning Board of that town or have been through the Special Permit/Variance process that town has.

This might entail making your initial investment in a single-family house, duplex, or triplex.Always keep in mind that investing in real estate is a process that calls for commitment, never-ending learning, and long-term thinking.

I don't have any insight into DIY (although I plan to do a good deal of DIY when I buy my house hack in 2024).Everything is a learning process and if you don't know how to do something, have full confidence that you can learn how to do it.