I've read that this is allowable, but that city will check to see if all work has been done correctly, pull permits, etc.

The best is to buy raw land and get it shovel ready meaning site prepped with plans and permits approved and then sell that 

unfortunately, with both rates and prices high, it is very, very difficult to cash flow, even in a low cost market.i understand that not everyone's personal / family situation permits them to house hack, but there's no better way to get started. 

That said I'm not sure the TCO will help here because it is a meter set with PGE, not something that is a City permit issue...maybe they can allow it with a temp pole/meter but I wouldn't count on it. 

Renovations are fully permitted & city inspected.

Great to have you here as a newcomer to the world of real estate investing, Josh! 

If the situation permits, consider secret-shopping some of the rentals to get a good idea of how yours compares.

Also important to look into the licensing and insurance requirements to pull permits.

Construction loans are available in Mexico but its a complicated and very expensive process.As a developer, I find and buy the land, plan and obtain all the permits, recruit a general contractor, market and sell the condos to investors who either use them for part time living or list them on AirBanB. 

The proposed changes would allow a duplex, triplex, or fourplex to be a (P) Permitted use in all single-family zoning districts: With Reno's significant land constraints and overall lack of inventory, I believe ADU's could potentially provide more affordable housing for tenants while allowing investors to be more creative with their properties.