I completely agree with @Ashish Acharya's points about the cost-effectiveness of a HELOC and the potential credit implications if it’s secured by your primary residence.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

There are a few different ways to make good money with rentals but cash flow is typically the smallest of the income streams for rental properties.Now, an exception is if you scale a medium/large portfolio of rental properties that have zero debt, then you have the potential to cash flow enough to put groceries on the table.When you're getting started, you have to get cash flow in place via high cash flow / low CapEx business models.

I’m looking to connect with local investors to exchange insights, experiences, and potential opportunities.Thank you, and I look forward to building meaningful connections! 

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.

I love it here because there are still positive cashflowing deals and lots of appreciation potential due to the strong job market, growing population, and major companies setting up shop here like Intel, Meta, Amazon, etc.

It’s a fair point—housing construction has lagged for years—but does that excuse using tech to potentially exploit renters?

It's easier to scale with multifamily properties due to income potential and operations.

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however.