Do the math and see if an ADU is worth the cost and effort.https://www.biggerpockets.com/blog/rental-property-cash-flow... 

Id recommend connecting with someone who can help you shop more investment-specific/rental programs on a national scale.

It's now converted into a cash-flow positive long-term rental.

In Denver metro area, for instance, the city of Denver only allows short-term rentals in a primary residence.

I own a few rentals near the Memphis international airport.

Rent by room / house hacking / co-living should deliver significantly higher cash flow than a traditional rental. 

Getting a rental license as an out-of-state investor is doable, but you’ll need to manage inspections and compliance.

The benefit is that you can take control of the rental while still allowing them to retrieve their belongings.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?