Hope you enjoy the game and have a good one.

Hi KevinIs this still the case today or are we getting late in the game 

Im looking to get into the buy and hold game.

They are usually done by a block method using square feet, they don't have time to look at each property so if you bet on that value, you'll be wrong, it's apples and oranges.If you don't know what value is based on and the 3 approaches used, you're not even in real estate, you might be playing some guru game playing house like a 5 year old girl, just trying to play with bigger houses.

I typically recommend planning $200,000 to $250,000 for an ADU above a 2-car garage, but creative construction methods, owner involvement, and careful selection of finishes can help to bring that cost down.  

Below are what I know as options.1) Conventional - My dad gets the lump sum, but I don't get any benefit 2) Land Contract - My dad wins the "long game" with financing it to me, maybe he'd offer a price break.3) Living Trust or Land Trust?

See if you qualify:  With one of the highest foreclosure rates in the nation, Nevada was selected to be one of the first states to receive assistance through the U.S.

How long does it generally take you to select? 

I much prefer selecting the most qualified candidate, not necessarily the most speedy.In your situation, I would apprise both prospective tenants that you have received several calls of interest and have arranged to show the property through the weekend.

BP can definitely be a great resource, and since you are already in the game it might help you evaluate your current investments to determine how they are doing.Best of luck!