Currently working with a mentor, and I plan to give him a chance before I jump to something else.

Hopefully, the tenant takes the hint after today’s conversation, but if not, you’ve got a solid plan.

I plan on using that equity to get myself into real estate investing.

When you invest, it is a good idea to have a 5-10 year hold horizon that you are planning for, not just looking at the immediate situation in an area. 

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

I think the ultimate situation for what I described above (not the plan, but a possible outcome) could look like this:Rent main house by the rooms while constructing ADU.

Quote from @David Epstein: I everyone, I know this is an older thread, but I'm also now getting into properties in the Albany area and am in need of a CPA with real estate tax knowledge for advance planning.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

How do you plan on handling that situation6.

If you are not coming in cash and you plan to hold for five or more years, its the best time to pick up a property at a steep discount and make it work until the cycle turns again.