The location you're referencing will likely require substantial rehab capital.There may be some out of state investor who hears NC and throws their money at a portfolio, but this feels like it'd need to be cash transaction.

My goal is to understand the current demand and rental potential for ADUs in this part of the city, as well as the costs involved in building.

We invest for long term buy and hold in good areas B+Due to extreme highly demanding W2 jobs we are looking for credible FULLY vertically integrated turnkey companies to partner with.

I have added pre-payment penalties on my refinance loans to decrease my rate substantially. 

If you had managed to purchase in those areas back then, your cash-on-cash return might look quite different today, especially with rental demand still holding strong.

I recommend you pay him the final amount, but get a lien release, in advance, that says if you pay him this final amount, he will have been paid in full for his work and no further liens can accrue.I believe a mechanics lien once filed generally initiates a court date to substantiate the claim.

Memphis has a steady, growing economy, and there’s always demand for rentals, which makes it a great long-term bet.

We are living in the Golden era of wine right now - never before has there been so much good inexpensive wines - but like golf there's just not enough users to demand all the supply. 

Consider if refinancing after increasing rents could work, and whether MTR/STR demand is strong enough to sustain long-term profitability.Keep as LTR with Minimal Cash Flow: While this avoids a cash outlay, being cash flow negative or barely breaking even isn’t sustainable long-term.

Due to your payment history it’s going to be tough to refi out into something more conventional or a DSCR.Hard money is your best bet but that’ll cost you.If your selling, drop the price and you’ll bring in more demand.