Just another example of private equity throwing money at bad business model's in our space.  

As mentioned above, the book published by BiggerPockets (30 Day Stay) is a wealth of knowledge that covers questions someone looking to get into the space would want answers to (like myself).

Many people have read books, or taken a class or signed up for a guru or coach on the benefits of MF investments, and certainly is evidenced by the recent rise of syndications in the MF space in the last few years.

My main concern are shared spaces like the pool and hot tub (turnoff for some renters), huge parties (when both are rented together), shared internet, logistics (multiple locks, parking, etc)Thanks for any insight!

First is househack where we share common space between tenant and owner ; and second is househack where we do not share common space between tenant and owner.When I mentioned househack in my own terms I refer to the later case where we don't share space, it's like multifamily living albeit it is just living like close to the neighbour.This question is actually very good and I have been trying to debunking that myself in which neighborhood in our local that could give such advantage.

The previous owners had built a studio apartment that wasn't legal living space.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Hi @Charlice ArnoldI have worked with a lot of banks in this space and the one thing I stress is communication.

It does seem like the owner is less of a landlord and more of a glorified RA.If you can find the right tenants and live there as long as possible to make sure care is given to the space, I believe that will go along way.

Purchase price: $588,000 Technically a duplex but its a single family home with an ADU built into the home using the space above the garage as the ADU living space.