In fact, I’d like to turn the primary into a rental and then house hack in a multi-unit.

@Joe Kim is on the right track with his #2, but off target.

Even if you have a good framework, it's much harder to manage virtually and stay on track.

There are a lot of cheaper areas in the Midwest and South where you could take that 500K and buy either a dozen or so properties (with a DSCR) or buy a bigger multi-family.

Regular schedule updates should be completed to track the progress vs. the baseline agreed upon schedule.

But I can get into multi at less than $100K per unit.

I spent $1,011.97 for Lee's Reverse REO class ($997.00) and his How to Achieve True Wealth (Digital Only - $14.97) Learn the Secrets of The Wealthy and how Lee Arnold built a multi-million dollar private money lending organization on March 2, 2023.

For the cost I’m getting quoted for new construction ($110-190,000) I can buy another multi family property which will cash flow more than just the ADU ever will.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

As sponsor you have a VERIFIABLE track record of success in same or at least similar investments 2.