I'm living in the Los Angeles area and have my projects here.

So...where do you want to live? 

Your goals will define the route you take on this but building a list for buyers/investors is a time-intensive activity and the list is a living and breathing document.

Do you live in that area?

If your tenant starts a kitchen fire and the insurance provider finds out it was a rental, they will deny your claim.Landlord insurance still covers the property, but won't cover your personal belongings since you live elsewhere.

I would offer it on a land contract to someone wanting to live there for around 1500 and small down payment or sub2 with a large down payment and monthly that would cover PITI.

Buy a 2-4 unit property with an FHA loan (3.5% down), live in one unit, and rent out the others.

To list a few...Anyone who wants to increase their property’s income potential (and equity) and build new housing in a market that struggles with high prices, low supply, and few new construction.House hackers who live in their primary and want to airbnb an ADU love this strategy or vice versaInvestors who want to do both long term and short term benefit from having two separate units.Rental Restrictions on ADUs.Thankfully, Raleigh is very STR friendly and ADU friendly right now.

You could live in one unit and rent out the others to offset your mortgage, staying within your $4,500/month affordability limit.

Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home