Increasing square footage and forcing equity

[Chris Rebolini]

Good day Biggerpockets,

i am a newish investor who has been listening to the podcast since July. Looking to buy my first property sometime in 2024.  

i have experience as a property manager for my parents and have done some renovations such as adding a bathroom on the first floor of a slab on grade house. 

i have been educating myself to start becoming a RE investor. Getting all my ducks in a row and learning the fundamentals.

What really pushed me to post was a question I am having a hard time answering myself.

There are a few townships that I am interested in forcing equity and increasing SQFT via adding an ADU in an unfinished basement of a single family. But these townships have owner occupied rules surrounding the ADU.

I am thinking, live in this home for two years while I do all the work and eventually moving into the newly finished basement. 

The questions I have are :

Can I long hold a property like this and rent the entire house including the ADU as one unit?

 Can I rent this by the room as non owner occupied?

is an ADU worth it in for a situation like this?

Cheers, 

Chris Rebolini