My thinking is that if a business seller gets a good size down payment, owner finances the balance at say 9% interest, has collected a couple years payments, and financials show positive cash flow, it might be worth purchasing the note at a 24% annualized yield, depending on if their are real hard assets to attach.  

Remember to deduct any cleaning fees and also make sure there are no outstanding utility bills attached to the unit.

I've also been thinking of steering clear of the market all together and just focusing on Real Estate, but I feel like that has some risk attached to it as well.

Purchase price: $298,000 Cash invested: $17,000Single-family townhouse.3bed/2.5 bath2 car attached garage1575 sq ft.Built in 2007Purchased in May 2016 to live in with an FHA.

My management company handles everything.When purchased:1 vacant unit, 4 units rented at $625/mo, 1 unit rented at $575/moCurrent:All 6 units renovated and rented at $825/moAll units have 3 bed/2bath and 1 car attached garage.These duplexes are likely worth more now, but I haven't had them appraised.How did you find this deal and how did you negotiate it?

Just going down to studs, redoing cement board and walls, new tub, new shower attachements, new tile in shower and on floor and then re-installing the cabinet, toilet and vanity I have already done. 

I think that including a photo might create a personal attachment in an unsolicited letter.What do y'all think?

I may be doing something similar,  though in my case what I really want is a workshop,  but I also want to future proof the house I recently bought as the city keeps growing so anything I build will be convertible to a living unit.If your home is in single family zoned area the owner must occupy at least one unit of the property for the 6 months of the year,   but it can be either the main home or the (D)ADU.There are various proposals floating about to either allow 2 ADUs (one detached and one attached) per SF lot,  or just eliminate SF zoning like minneapolis (I think) just did because you know,  SF zoning is bad now.  

Our personal properties are attached to individual LLC’s with a third Management LLC governing them.

Durham allows detached or attached accessory dwelling units citywide.