Plus, as you mentioned, you could always tap into the equity later on to continue expanding.At the end of the day, it’s about what fits best with your goals.

A two bedroom 1,300 sq ft cabin is going to go for way less than a 2 bed, 2,400 sq ft cabin.One of the issues out there too is that some are setup as legal 2 bedroom cabins because of the septic but then they have lofts and such that allow you to rent them out as 3 or even four bedroom cabins to improve the rent.You mentioned one nearby you with a similar layout.

When you mentioned pulling out $110k, that’s the perfect snapshot of how equity can turn into future deals without selling outright.So, if you were to rinse and repeat, would you still go for another rental thta’s already turnkey, or would you look for something you could add value to?

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

@Jimmy O'Connor I noticed that only trendy bars and coffee shops was one of your top mentions… I think you should also consider school district - at least when it comes to building a rental portfolio in these areas.

@Greg Scott thanks for the mention:)@Usman Khan welcome to the "fun" of S8, where you can rarely get ahold of anyone at a Housing Commission office:( THey are all overworked and underpaid.Reference this for your S8 training and maintenance:https://dhcmi.org/sites/default/files/upload/LandlordGuideBo...

The first guest that I mentioned went through the full eviction process and left before being removed by the sheriff.Since I’m telling stories here, I’ll also tell you that I am one of the rare hosts who has successfully evicted a short term rental guest as well.

-In speaking with investors, others have experienced some of the same issues mentioned throughout. 

I notice that you mention two different states when you are talking about house hacking.

I have seen a few people mention that house hacking is possible as well but tricky to find a property that can support that approach.