Yes I have pondered the Full year rental and that would do mortgage and give me a little extra, but thought MTR or STR might do better.

On my lot where I live, I can have as many kitchens as I want (not sure why I would have extras) and can build a tower, but they won’t let me build an ADU for my mom unless it is connected to the main house.  

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I feel confident about making the property cash flow once we get tenants in the home with the co-living strategy, but just covering all my bases, I would feel a lot better with an extra exit strategy of being able to rent the home out the normal way with one tenant.

However, listing both separately and combined could maximize bookings—just ensure pricing justifies the extra cleaning and management work.We don’t have direct experience with parent/child listings since we don’t currently manage a property set up for that, but I do know other hosts who use this strategy successfully.

Additionally, earning an extra 0.5% on a $100k investment is nowhere near as important as it may be on a $100 million portfolio.Without knowing your experience, background and financial sophistication it’s very hard to make a recommendation.  

Ultimately, the assigned appraiser was known for being extremely conservative, and the final valuation came in at $285,000, requiring an extra $10,000 out of pocket to close.After closing, I raised one tenant’s rent from $750 to $1,180, and they chose to stay.

Then get a rider for extra coverage for liability? 

Some investors use State Farm, Farmers, or specialty landlord insurers for better rates.For liability, an umbrella policy (separate from homeowner's or rental insurance) adds extra protection.

Maybe as the market cools off, better opportunities will pop up, but right now, I’d be extra careful about where you park that $200K.