My friend did this and it ended up working out really nice and you basically have a new house but it’s a “renovation” and they didn’t have to put solar and pay certain fees etc.ADU is also very popular right now and seems easy to get the permits, but if it were me I would think long term about the property value if I intended to sell at some point. 

Our plan is to subdivide and sell off lots to pay off the loan and keep the rest for to develop as short term rentals or an event venue.

Consider alternatives, such as building more savings, researching different financing options, or exploring a safer strategy within North Carolina before making a decision.

Yola, Freehostia, Biz.nf, Tumblr, Blogger.The other option is to sell. 

Regardless if a price of a property is high, I learned that sellers are humans and they will react and sell a property based on how they feel.

I’m thinking about selling my primary home and purchase a multi family property. 

They have to sell five dollar buggees either the rent is $800 ppsf or $50 ppsf.how do they make money ?

Held it for 1 year... put it on CL and FB to try and sell with no real bites.

I feel like the obvious answer is sell for a loss.

Every week, the King County, Washington sheriff's office posts a list of judicial foreclosure auctions from that Friday morning, with the starting bid and final selling price for each home.