Austin Househack- SFH and ADU

[Sarah Schmidt]

Hi! My name is Sarah, and I just moved to Austin from Chicago. I am a consultant, and am currently paying $1,800/month for a one bedroom in east Austin. I have been very interested in buying a tiny home once my lease ends but strugggled wIth where to park it. Then i started to read about individuals buying a single family home and adding a ADU. I am interested in renting out the SFH and living in the ADU, and was thinking east Austin since I love it here. I have steady income & great credit score but no money saved up. Is this an option for me? What would the first steps be?