@Jeff Williams, I think the impact will be minimal and you likely won't get your money back (in terms of appreciation) by converting to HVAC.Who owns and maintains the window A/Cs?

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

The red tape was minimal, and if you find a contractor that specializes in ADU's the numbers may make sense.

I have been looking at the market here in the west coast and the numbers for cash flow is minimal.

You always are on the hunt for properties, and you always are on the hunt for new buyers.What REALLY is just moronic.. is wait to find properties  (or buyers) till you have a buyer (or a property).Just as it is "absurd" to you to get a property first... so is it "absurd" to a buyer, for a wholesaler to contact them and "waste " their time with being spammed  without any indication if said wholesaler is at all serious.

While you are there you can check for indicators of additional residents.

To minimize future headaches, I would like to have someone I can refer to and work with to make sure everything is set up correctly as my business expands. 

Investments have a value that can be sold, I don't see the arbitrage as a sellable asset.Bottomline is that there are plenty of operators making money doing this and it requires minimal startup costs (~15K for furnishings) for the operating business.Overall, I see this business model as high risk for the following reasons:1.

I'm defining leads as contact with off market sellers that have indicated they are interested in selling.  

What you may need to be aware, in terms of budgeting, is that typically 401k will only allow you borrow up to 50% of your vested balance, so in your case of 10k balance, you may only be allowed to take out 5k, with some minimal fees and all that, you should consider if that is still a viable option for your situation.