I see a lot of posts for furnished monthly stays where owners are fretting over utilities and how to ensure a tenant doesn't abuse their being provided.

Quote from @Jake Hughes: How long do your renovations typically take when hiring a gc?

Yes, if anything its easier since no residential restrictions. savvy participants.Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning.

These studies typically if done by 3rd party would cost $10-$20k but you could also do it on your own.

My question is - what is the best strategy for utilizing my home equity and buying my first rental?

Thanks, Nina Yes, we have them put all utilities (including water, if SFH) in their name.

@Jerry ZhangWhat is typical in your market?

Additionally, as long as you put 20% down, it typically keeps you safe in terms of cash flow, and then you simply have a couple dozen houses with tenants paying off your mortgages.

Especially if you get a long term resident in the ADU and then you might can utilize them to help on your turns of the MTR. 

This way you're able to utilize conventional loans, each of you are allowed 10 of those.