. * The amount of hours spent managing could vary, based on size of remodel and number of contractors involved (10 hours or 80 hours, paid the same).* The house could sit on-market a while, meaning the PM doesn't take a commission for 6-9 months on that project. 

Leverage magnifies return.3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

You should go into by-the-room rentas with your eyes open. 

The main key is you have to understand how money works, when you do, it opens up your eyes to some of the most amazing things. 

If I have easy physical access, I'd be tempted to be more directly involved.

Quote from @Joey Pignatelli: Drew Sygit its not even in the Detroit area although it is MIchigan and the seller just wants to dump some of his properties and this one looked the most attractive to me so I'm brainstorming strategies to get myself involved the best way I can I appreciate your suggestions as well as everyone giving their opinions helpful information is what I need thank you  ask for short-term seller financing.

Fairness is in the eye of the beholder.

As a licensed agent buying my own property, do I still need to run the transaction through my broker even if there’s no commission involved?

The reason - between the property taxes on non-primary residences and all of the boards and regulatory BS involved, it is unprofitable to try to anything with these projects.

No matter where you invest, your agent should be your most important point of contact, because he will be your eyes and ears, and you'll be trusting that agent a ton, as well as with who you'll work with a lot too, like PM and contractors.