I feel like eventually, I'll do the same once I have a solid grasp of how to actually underwrite a deal.

Eventually the lender or HOA will foreclose and there will be an auction and a new owner. 

This is typically how I approach my investing since I'm more in it for the long haul than short term rewards.Long haul is always a plus I was trying to see if I could mixed the both of them buy getting a fixer up for cash flow in a neighbor that would eventually increase in value.  

Eventually I plan to use the ADU for STR (with the option to use it for LTR). 

You will learn much more, you will be safer, and you will eventually grow enough that you can delve into new methods without as much risk.

Additionally, timing of market cycles or when his note becomes due could eventually bite him in the butt.

You can eventually get into a situation where you buy a primary that you rent out while you're away and basically have it pay for itself.

Hi everyone,I am new to the USA and looking to invest in property with a long term goal to eventually replace part of my W2 income and also pave the way for my children to get a easier start in life.At the moment I am renting with an intention to buy a single family home this year.In a addition I have other cash - not much - that is sitting in a interest bearing account growing very slowly.

An index fund is a better option...eventually, I'm a fan of paying them off and treating them like fixed income, but not now assuming that your financial house is in order and you like owning and managing real estate.

I try to buy a primary residence every few years to take advantage of the favorable financing to eventually turn them into rentals.