Purchased my first Rental in Pittsburgh utilizing a Private Money Lender, Partner, Subject To and Seller Financing.

The biggest point is how much more the lots sell for.Never having dealt with HOAs, I am neutral on the subject.

Your home is a liability and an investment is an asset.Lot's to learn on this subject. 

According to Attorney Cathy Lucrezi, "So, in addition to being a property manager, you become a "CRA" - subject to all the laws, regulations, and liabilities as Equifax.

It's a very business purpose, subject property based approach.

Similar low maintenance, they aren't subject to Condo laws, and you could get financing much easier, particularly FHA, unlike condos.  

@Nicholas J MineoAs far as the ADU, I was considering that myself but if I do that my SFH is now considered a 2 unit and subject to rent control - San Francisco, Berkeley and Oakland are the worst with regulations. 

There is statutory, and now Fannie/Freddie guidelines, that exempt many transfers from being subject to the Due On Sale Clause...asset protection/estate planning purposes are typically covered.Why Use LLC when an Umbrella Policy Does the Same?

@Michael Plaks I've posted on this subject frequently on BP.

Also, this is a pretty comprehensive book on the subject: https://www.amazon.com/Subsidized-Comprehensive-Government-F...