Preapproved ADU plans offer extra space or rental potential.

However, I've been searching for newer, cheaper value-adds to student rental properties and have found focusing on outdoor spaces can be a huge draw with much less of the cost of tearing out kitchens, baths, etc.

@Mark Ainley yes and please thanks

For me personally, I would leave it a loft so the renter could have a playroom for kids, office space, family room, etc.

I think one of the challenges of the BP MTR forums is that while all real estate is local, it seems that what is working in the MTR space is hyperlocal.

When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...Best of luck!

However, 1) there are still syndicators producing outstanding returns 2) commercial MF and office space is down significantly.  

If you're not present to let them in (or have the space occupied for whatever reason, etc.), they should be notifying you and you may have to face any repercussions (penalties, pauses on your permits, etc.) 

I provide washers and dryers in second-floor apartments or when the space requires a stacked unit.

Here’s a quick take on each option:Sell and buy in SoCal: This offers simplicity and high appreciation potential, but with all capital tied up, it limits flexibility if the faculty housing waitlist falls through.Keep current home as a rental, downsize in SoCal: This maximizes long-term profit through appreciation of both properties but might feel tight financially and in space.