Purchase price: $366,000 Cash invested: $87,000 House Hacking / Live in Flip / New ConstructionAsking Price: $370,000Main House Rehab: $12,000VA Loan 0% downPITI: $2080Main House Rent: $4000* ATTACHED 615 SQFT ADU BUILD (OWNER BUILDER) *2 Bed 1 Bath, Washer & Dryer, LARGE Private yard and Entry.Grand Total Cost to Build: $50,000 (Plans, Permits, Construction, Fees, Etc.)ADU Rent: $ 2100* 488 SQFT JADU (GARAGE CONVERSION) (OWNER BUILDER) *1 Bed 1 Bath, Washer & Dryer, Private yard, parking and Entry.Grand Total Cost to Build: $25,000 (Plans, Permits, Construction, Fees, Etc.)JADU Rent: $1500 What made you interested in investing in this type of deal?

You should have a thorough, but lawful, Assistance Animal Policy in place, and in writing, to provide prospective or current tenants when the issue arises or you are showing a vacant unit.

I am currently using Prospect now to find property owners.

This way, we continue to have cash flow coming in, and if we happen to have a bad contractor or one or two units and/or some permit/regulation related issues, the scale of the damage won't be too overwhelming. 

You will need to be available to show the property to prospective tenants, conduct move-ins and move-outs, handle maintenance and repair issues, and respond to tenant requests or concerns.

I'm a construction enthusiast and love everything about construction and learned how to build just by practicing on my own properties and pulling permits as an owner builder.

I'm a construction enthusiast and love everything about construction and learned how to build just by practicing on my own properties and pulling permits as an owner builder.

https://inewsource.org/2020/08/06/san-diego-overcharged-granny-flat-permits/ 

This is something that will come up when you permit anything through the city.You can add more than 4 bedrooms but depending on the area you will need to provide parking within the setbacks for each additional room.When you convert a garage you must have on site parking meaning it needs to be within the setbacks of the property. 

I love Comic Con and when I moved to San Diego for school I discovered it and its since brought me so much joy and this year was a bummer on that front.With regards to acquiring the property my knowledge is little to those here on the forum in terms of what makes something a deal.The input I do have is you may want to consider is that the garage conversion is permitted.