Today, we start with the County itself.As a Santa Cruz Realtor eager to educate both myself and my readers through extensive research, I aim to provide a base of knowledge that allows you to take action and tackle your ADU adventure.

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I'm conservative on income with any pro forma, I usually hit expenses very closely or as budgeted, I allow for a disater and vacancies, experience is closer than a guess, but going with a rule of thumb is better than nothing if there is little experience in that market.From an economic stand point, looking at opportunity costs for the use of funds, money needs to meet some threshold, I believe it's better to look at it at a fixed rate required rather than allow market rents to dictate a basic return to be expected.

They can't come over the mountain for a leaky faucet, but if you are remodeling a kitchen or a bathroom, or finishing out a basement, we could probably take a look at that.

I also agree with the previous comment to check with zoning and make sure you are up to local building code with anything you decide to do in a basement.

Lots of lessons about financing and ROI, kind of a base level education on real estate in general.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Obviously it depends greatly but I looked at this also and maybe my math is wrong but it looks around 5 years for wealth, in my inexperienced opinion, just based on a basic standard deal and math.

Here's a basic example of how that might look like:a 2040 target date fund today may look like this:50%: Total domestic companies including large, mid, and small30% International companies16% Domestic bonds 4% International bonds Then, as time goes on the fund manager will periodically trim from the more historically risky asset classes like domestic and international stocks and into more historically conservative asset classes like bonds.

Start your own company with a % based model that way you get a piece of the action and succeed in step with your clients.