Anytime the media spits out news coverage on rates, it has already been baked into the market from Wall St.

During this time you are not generating any return from the money invested in the ADU.

Quote from @Audrey Harrell: Anyone know where to find cash buyers for rental properties in Detroit? 

To answer your question, the advantage the GP has is control, and the ability to gain wealth from their equity position (hopefully not so much for asset management fees) by selling at a big gain.  

I’m trying to decide if I should keep going, or take this as a learning experience and sell it.I have a realtor looking at comps to get a sale value.

As others have pointed out the technology that exists in the space makes communication quite frankly one of the easiest parts of the business at this time and tenants as well as clients have grown accustomed to having quick and efficient communication options at their disposal. 

I look forward to getting more involved with this community!

Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.

Love this article, Melanie! 

It's a good learning lesson for all of them.