Hi @Steve,I am a hard money lender in Denver and thought I would jump in and shed some light on a few of the thoughts and concerns above.

But am mostly concerned with what happens to the rent stabilization once/if the tenant moves on from the unit? 

I am more concerned with ultimately finding a suitable target property rather than selling my properties quickly.

The guy calls me back, mostly because he was shocked and frankly concerned, because he is the sort of investor who has gone to great lengths to hide his identity from everyone for all the typical reasons.

I think the the detached ADU that will be under 750 sq ft. is not the main concern on this property since the ~430 sqft layout that is currently there is already permitted and I just want to add on to that. 

There are other multi family units on the same street so I would imagine it is not impossible but I am concerned about how long it can take. 

So be sure to talk to your lawyer.As someone who has never been a passive investor before (despite really wanting to be), my major concern is basically what happens if you screw up.

If you have ideas,concerns,tips and or tricks on wholesaling please feel free to discuss with us.

I'm working on a MF deal located near Chancellor Square and Winchester Rd NW but have some concerns related to school quality, crime/drug activity, average income, tenant pool, etc.

My main concern is how to find someone to be the boots on the ground at the facility if I am a few states away and managing remote.