We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

Account Closed our world is trending to more & more "immediate gratification".Self-showings are the result of this and owners squeezing PMC's profits to nothing.Regarding the PMA, ours is pretty long to cover everything we can realistically think of - yet, many owners freak out about it and hire a PMC with a shorter contract.How would you be reacting right now if someone had broke into your property and stole these things?

You can cover the wire mesh with drywall patches (they tape on wall and across the wire, white/paintable, different sizes) as the wire mesh is what will prevent the rats from eating their way into the property (the covering material is cosmetic only).

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

Anyone have a cheat sheet or checklist for covering your ADU bases?

If I rent it out and the rent monthly payment let's say covers the mortgage and HOA, the cash on cash return will be $40K(appreciation)/($ 42K (Down payment) = 95% and it will be 1.95 to find the cubit root and it is about 25% yearly return on my initial investment. 

It doesn't cover any loss of income due to your rental being repaired.

I'm trying to get a mortgage, but it's entirely possible that the mortgage might not cover 100% of the price of the house.

Now let's say I find a triplex that covers the 1% rule but combined cash flow from all 3 doors is roughly $150-$200 or would you want to keep it at $150-$200 cash flow per door with the 1% rule applying? 

Sorry if this has been covered before, we are located in Minnesota if that matters.