These properties are usually fully renovated and rented out, providing a more predictable and hands-off investment experience.

So far I don't have enough data to make this analysis useful for more than a handful of brands and state combines, but I like this approach.  

In general in single family areas they add significantly less value than the hands off cost to add the ADU.  

Any insights and hand on experiences are welcome.

You can always do some hands-on work without a GC license so I would agree with the others who say that having a RE license and GC license are not worth it.Take my advice with a grain of salt since I have neither a RE license nor a GC license.

Quote from @Ryan Moyer:Doubly worrisome is that there are almost no hands on reviews of Hostaway, and any time the name comes up on BP or Facebook groups there are suddenly a dozen new "users" whose first and only post ever is to talk about how great Hostaway is, without providing any details. 

Hey,
I’m transitioning from single-family to multi-family investments and looking for a comprehensive, practical course. Since I invest from abroad and visit the U.S every few months, I need a course that covers the ...

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

This is coming from someone to stepped out of W2 in their early/mid 30s, and I can tell you first hand it's not cheap and anybody that tries this really does not understand the reality of it.To your other questions, cash flow is just a mechanism of leverage nothing less or more.

There are so many ins and outs when buying distressed homes it's definitely something you'll want to be able to lay your hands on, at the beginning at least.Buying turnkeys is a great option as well, there are some larger companies who offer lower interest rate options while operating in more affordable states that are landlord friendly.