I just bought a second rental home with a big lot and I'm going to build an ADU on that lot so I will have 2 homes on that lot once ADU complete.  

What's going on BP 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.

@Joseph Pytcher Can you provide more info on the project?

Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

Early on I replied on various contractors (unsuccessfully) due to my (then) full time, very time consuming job.

I watched Dave Meyer's Market Intelligence Workshop on Demystifying Deal Analysis and found it very informative but I cannot find the TRI deep dive Excel spreadsheet.

Been looking for answers to some business questions on how to receive investors and how to pay myself while working the deals and what not. 

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

I have two flips going right now and I'm working on locking down a 3rd.