Curious to know your thoughts on this deal: https://www.biggerpockets.com/analysis/rentals/966fcbda-74f4...Does it make sense?

I know I need to get itemized bids for the property and what needs to be done, but I want to understand typical cost for renovations.

Please help me understand the best way to get money out of the equity. 

Outside of that run numbers, if it makes sense offer. 

As families explore options for aging parents and loved ones, many are considering Accessory Dwelling Units (ADUs), sometimes called Granny Pads. These small, independent living spaces are often built on the same prop...

I understand I’ll take on risk (mortgage, maintenance, etc.), but I’m okay with that if the numbers work.So far, I’ve identified a couple of properties in the $310K–$325K range that could work if I negotiate them down.

A lot of prices don't make sense anywhere @Boris Le!   

Someone is giving me a webinar about it tomorrow and I want to make sure that it is legitimate and want to know from seasoned veterans like yourself the good, bad and ugly of it.  This is what ChatGPT said about it.IR...

., if this will be for a long term use of the funds, any 2nd lien is likely to be too expensive to make sense. 

You'd likely be best served looking for a private money lender, or possibly even using HELOC funds if you have access to a HELOC... maybe even a personal loan. typically RE lenders will want a $100k minimum loan amount. there are a few that will go lower, but $50k all-in i think just simply is too small. and your fees would be so outrageous on that scenario it likely wouldn't even make sense if you found it.