I would actually like to screen the tenants myself and set my own minimum specifications for them. 

Hey everyone, I am in Vero Beach, Florida (on the Treasure Coast) and am looking to make the previous owners garage conversion to living space into an actual separate ADU.

The "hype" of things is often more dangerous than the actual event.I think the FED who is smarter than me knows this.I don't think we will see sub 6% rates in the near future and that's a good thing.

I got a 2.8% 30 year mortgage (main reason why I haven’t sold it yet, even though I have a bit in equity now, thanks to appreciation- I think it could sell for about $380k today, but still owe $246k out of the $271k I originally borrowed ).

Actually, read the contract.

I look back and I actually came pretty close to achieving it!

I think I actually know the first property you mention that is a foreclosure.

It is actually defined as net profit MINUS half of you self-employment tax MINUS your own contribution.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience and didn't lose money.

That said, when working with wholesalers, you better be ready to get aggressive if it is an actual deal.