Quote from @Arshiya Taami: Quote from @Brandon Croucier: You have 600,000 problems.Bridge lenders (HML) Want low LTV (65% Max Typically). 

Add this to smaller network and typically less knowledge for new RE investors.  

Rick Basement square footage and room count are typically not counted on public record but in some states agents list it or are allowed to list it. 

Inspections are typically done by licensed professionals like structural engineers, architects, or certified building inspectors.

Project phases typically divide payments into an initial deposit and subsequent installments.Depending on the project scope, you can divide the payment into milestone payments.

Here is a list of what adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Thanks  Section 8 is typically going to be on the higher end of market rents for any given area.

That's my typical price range for Milwaukee suburbs and both will break even at 20% down, slightly positive at 25% and I usually end up with 30% down to get to the 1.2 DSCR.

So - with something like that in place, I would tell you that a property manager is highly overrated (perhaps the better way of saying it is "over-paid") for the amount of work that is typically needed in a month.

These are not great investments and while the experience is not typical for Memphis, nothing I've read or seen should lead you to believe your experience will improve.