Purchase price: $196,000 Cash invested: $27,870 Sale price: $270,000 This was an attached 3 + 2 that had been lived in for 3 years by a man who did not believe in trash service.

So i have some questions.My garage is almost 900 sq ft with an  electrical meter already attached to it and some plumbing running to it  due to a sink and toilet setup.

I just bought A house with an extra room attached to it.

The example I've been given by numerous attorneys is if the Seller experiences a medical situation and Medicare is needed, they cannot get that care as long as they own that property and they are then forced to sale, or it can be attached by Medicare.  

This tactic is legal and done ALL THE TIME.1) Create an Entity2) Register the Entity in the state you are operating3) Ensure LLC created is BRAND NEW and has not been used on any other transactions nor is attached to any business liabilities such as debt or connected to other deals or transactions.4) Recieve the articles of incorporations and operating statements etc.5) Find a cash buyer for your deal 6) Once a cash buyer is found you now transfer your LLC (100% of your membership rights and ownership) over to your cash buyer. 

Be honest with yourself and don't get emotionally attached to a property.

This house does need lots of systems upgrading but interior is solid and beautiful - and over 5000 sq ft - over 65 windows, 15 rooms plus 4 bathrooms, single attached garage, full basement, corner lot.

Purchase price: $235,000 Cash invested: $70,500 up down duplex w/ yard and balcony and attached garage and basement What made you interested in investing in this type of deal?

A major factor is if the adu is attached or detached & if the existing houses utilities can be utilized or if it needs independent utilities added to the new adu.

Yes, i too have had that impulse as I have ample capital to just click a button and take it to $0, but it has the cost attached because I can use that capital elsewhere and receive a profit.