Since these actions are very state specific, and involve an understanding of esoteric features of civil law, it’s vital that your friend engage the services of an attorney specializing in ASSET PROTECTION and licensed to practice in the state in question.  

First, basic accessibility is not sufficient on its own to exceed unit numbers in RT-3.5 zoning and an ADU is still subject to density restrictions unless your city has its own ADU ordinance or pilot program in effect on your lot.

The remaining amount needed is the cash-to-close portion (up to ~$35k) alongside a first-position hard money lender funding the purchase/rehab.On the lender side, the HML is comfortable with the structure because the deal is being executed with guidance from my mentor/partner Phil, who has a track record of completed flips and is involved in underwriting, scope, and exit planning.

The issue is that it usually comes in below a 1.0X at 20%...at least most that we've been seeing, and the "no-ratio" or sub-1.0X programs are more expensive.

Many years ago I invested in Four Peaks Capital Partners whom Mike is involved with.

Hi everyone, I operate a licensed Group Family Child Care program in Queens, NY, and I’m currently expanding into a second location through a residential property acquisition. 

If there’s physical damage dishwasher goes out 3 times in one year like it has in the program I work at the company pays the first $500 towards repairs or the new one.

@James Jones When we got started in 2010, institutions were barely involved after that they got heavy. 

Property Radar just released a new dirt mail system for the program offering postcards at .48 per and it's already linked to all my lead lists and properties I have found.

Certainly unfortunate for the tenants and LP's involved.