I own units in Desert hot springs and have some experience with dumpy downs.

can definitely get a hard money loan with 30% down on the purchase and the lender providing 100% of construction 

Considering your equity and cash reserves, exploring alternative financing options like traditional mortgages or partnerships might provide a more balanced approach to acquiring your investment property while mitigating risk.

The market was still pretty hot, I went under contract on this right at the beginning of the rate hikes and at the time many houses were still selling for over asking with shortened contingencies.

From my research, these turn-key STR management companies provide this full turn-key service for 20% - 30% of all the bookings.  

Thanks.Previous responses provided some technical details, but I want to quickly paint the big picture.1.

Ideally, properties should have separate entrances for the main living area and the ADU, providing privacy.Kitchen and bathroom facilities should be easily modified or expanded to accommodate both the main residence and rental space.

Hey Hakim, Sure thing, one of the main things to understand is that you have to know how ready are you to purchase the business/property, and you do that by providing all your financials to see if you have enough capital and reserves.

I like approaching investors or realtors with a property in hand to provide value right away, and even if that one in particular doesn't work with them, they will most likely want to be kept in the loop for the next one.Networking events are another great way of connecting with investors in your area.

Hector, I'll give you some opposite advise than what most on this site are providing.