This brings back memories from 1999/2000 when I was investing in internet stocks and basically lost 90% of my capital (if you think only a totally green rookie could have lost that much, I would agree with you).

Like many, I started with spreadsheets and emails, but things slipped through the cracks—missed repairs, delayed responses, and juggling everyone’s contact info.Since I couldn’t find a simple, affordable tool that fit my needs as a small landlord (most options seemed built for much bigger portfolios), I decided to build a basic property manager app.

Basically if you are selling/buying a house that has been retrospectively licenced then that part for private use is ok, however if officially and practically if you wish to rent the place out on LTR or STR you are not allowed to ever use this space as part of your rental.

It is basic math.

Every cost seg company offers free projections that basically do exactly what you describe.

You basically value them on comps, adjust with a flat number or percentage for condition and then adjust some more for investor discount.Due diligence is a pain for both the listing agent and the buyer.

I'm trying to get basic term sheets before i pay for an appraisal or spend money. 

.- Single, late 20s, living with parents, WFH, so living expenses are basically minimal as possible. - Making ~75k-85k/yr depending on bonuses- Currently have $55k-$65k available to put towards RECurrent thoughts:- Parents have done long term rentals for over a decade but haven't acquired properties for the purpose of renting and the "family business" hasn't grown.

After she walked us through how to see it as a guest I told her this is useless because it is basically hidden and not obvious for the viewer. 

I’d recommend getting a contractor (or even two) to walk the property and give you ballpark estimates for both a basic rehab and for adding ADUs/expansions.