I gave him my detached opinion, it calmed him down, and he realized his actions would have been detrimental.  

This has been an obstacle for me as I'm not sure how long it would take to find a property, but I also want to kick off the cash out refi process, particularly with values being so high and interest rates so low. 

@Laura Engel Congrats on getting over the first major obstacle! 

The arbitrary ways of describing a neighborhood create false senses of security for out-of-state investors and make it much easier for sellers to over come buyers obstacles.  

I've since sold it and transitioned to exclusively detached single family residential rentals 2012-2016. 

We bought a SFH with a separate detached cottage and rented the cottage out to someone in healthcare.

You can also look at private money, investors, or partnerships for additional funding or co-signing on the lending docs using their income to qualify.Financing is an obstacle that can be overcome and should not stop one from investing.

The ADU/DADU units still have to be 'junior' to the main house (smaller in terms of sf,   I think the size cap is ~1000sf) and there are rules around detached units as to their size and positioning on the lot.   

I have read a couple books, I'm extremely quick with numbers and I have spent some legwork around the area.Here is my possible deal:House is listed MLS for 45kWent by, looks pretty solid, a little cosmetic damage on the outside but still a 1k sqft, 1car detached and patio w/ bd accessHouse sold 16 months ago at 80kHouse is appraised by the county at 70kNeighborhood is pretty decent, Zillow lists most houses on the block at 90kRecent sales also support this.My questions:County tax records indicate that a mortgage company is the registered owner and has paid taxes on it, but I cannot find it in their REO listings.

- Everything is above board and permitted with the city.I suppose it is about risk assessment, which is why I would like to learn more about how I can hedge my bet, to ensure against as many obstacles.