Purchase price: $360,275 Cash invested: $285,000 Sale price: $915,000 The new conversion & sophisticated unit boasts luxurious finishes, crown moldings, curved walls, and soaring ceilings, and full of light & space.

When looking for someone - just be very clear on what exactly you are looking for - so you can have the appropriate conversations with the right people. there are definitely ramifications for each option and preference to what people want to do with each deal. 

Hi Guys,This is a very interesting conversation. 

I haven't spoken with a homeowner yet and I know typically people wait for the deals to come to them when the owner is ready to start the conversation.

It's really a conversation of WHEN will you need this capital, WHAT is your ultimate goal as an investor, and WHAT do you enjoy doing?

Conversely, it means a jurisdiction may restrict ADU from RE that has duplexes to quads. 

I would actually have a detailed conversation with your lender about what your ability to purchase another property would be if you refinanced or did a HELOC.

It's easily scalable into duplexes in the future if you want to move into "your own space", or you could start looking into adding an ADU into the backyard of the cash-flowing property you already have established.Always open to more conversation if that's helpful!

Mother in Law Suite Garage conversion as well.

At that point they also have the right to move out of that unit and turn it into 3 unit rental because again now that it’s not an FHA loan they are "NOT" obligated to live there after the FHA to conventional conversion refinance.This is one of the better ways to approach the BRRR method but you still must qualify.