I never could understand why agents would actually work with buyers buying the cheap $25-$50k condos here, getting a commission of 2% or so after fees and splits....just an absolute waste of time.I’m sure you can find agents to handle your property for 6%, this agent is just telling you it won’t be them.  

Your writings indicate your just looking to pay cash and have a propertyThe theory with brrr is you get it below market, fix it, rent it, way till it is seasoned (6-12 mos) then refinance it and get all your cash back because you have 20%+ equity in the dealAs an example I bought a condo for $70k, put $20k into it, rented it for $1500 and refinanced it as it appraised for $140k so I took a 90k loan to get my money out (don’t take extra but some may- personal preference).Now I got my 90k cash back, so no cash in deal and rent is paying PITI + condo fees and still cash flowing $200.

I am planning to construct an ADU on a lot that I co-own outright, and originally intended to apply a condo regime to it.

So they have been living in this 3 bedroom 1 bath home for exactly one year. 2 weeks ago the tenant texted me saying they want to renew the lease for another year, so I renewed with a slight increase in rent.

That accessory unit is a four car detached garage with a two bedroom apartment on top and does have a permit from the township to be occupied.

I believe a 3 bedroom voucher won't pay more than $900+/- a month, 4 bedroom $1100+/- a month.

If they are qualified and you can get them approved within a day or two, then it's okay.This is how commissions work on rents:$1,600 for a 1 bedroom as an example.

How do you finance/fund a real estate development, say a boutique residential 10-story condo?

Are there any 1 and 2 bedrooms being rented out in any of the single families?

Does anyone have a tenant lease agreement for a condo?