Your lender will lend money to say 100 investors, then the loans are packaged together and sold either directly to hedge funds or to a mediator between the two parties as MORTGAED BACK SECURITIES. 

Can usually close in a couple weeks, assuming no 3rd party delays.

I do not believe you need a 1% property (1% rule) to have positive cash flow as there are many variables that determine if a property has positive cash flow, but I do believe it is a very rare market that has cash flow at investor LTV (at least 75% LTV) noticeably below a 0.7% ratio.Now for this ADU: $290K for $1.8K rent (on my calculations I will always use the more conservative of values) is a ratio of 0.62% (far below my 0.7% ratio that I indicated it would be a rare market to have positive cash flow). 

For that amount, it is likely not worth going the legal route as that is wasted time and negative energy on your part.

Lending isn't an issue.I think the toughest part is finding a contractor who I can work with on a small multi-family...two to six units.I'll state up front...I'm not interested in wasting anyone's time.

Lending isn't an issue.I think the toughest part is finding a contractor who I can work with on a small multi-family...two to six units.I'll state up front...I'm not interested in wasting anyone's time.

The Southern Nevada Water Authority has a landscaping program where they’ll reimburse the owner $3 per square foot up to 10,000 square feet to replace landscaping with water conserving plants.

But with STR the makeready cost is nonexistent (especially if you don’t allow parties) so that’s a bonus.

Obviously for us this was the best option over a glorified party.

@Kim Meredith HamptonThe exact line says "This lease may only be terminated with notice of at least 45 days from either party"Am I misinterpreting this?