A lot of jurisdictions dislike density, particularly if parking is an issue and mass transit is not readily accessible.

@Murtuza KhojaWelcome to BP, let me see if I can be of some help here.

This can sometimes help with regulations and building codes.Just my 2 cents. :)

Quote from @John Warren: @Delroy Watson I would check to see if you can do this the "right" way and make it an ADU.

This would be an easy decision however I do not think you can come close even with you being active in the process.  

I will check this out!

The clients we work with who have found success letting us help them find highest and best use of properties, then we manage them for a year, and then pull out 60-70% of their money, and do it again - rather than waiting several years for a home run hit. 

This probably means the 1st year you are on the phone 8 hours a day 5 days a week calling people and trying to convince them to sell.  

Here are the key details of my situation:Rental Property Details (Note: This was our primary home till 2017):Current Value: $970,000 to $1MPrimary Mortgage Loan Balance: $505,000 (@ 2.6%)Took Home Equity Loan on this house to make down payment for my current primary residence.Home Equity Loan Balance: $123,000Total Loan Balance: $628K (Primary Mortgage + Home Equity Loan)Rental Status: OccupiedPrimary Residence:Purchased in 2022Mortgage Rate: 7.3%Current Loan Balance: $650KMy goal for 2025 is 2 fold: #1.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice!