It shows the space is utilized and adds value to the living experience.

I have selected a local CPA firm and will be utilizing them for tax preparation.

But we do want the option to use it as a short term rental in the future.Do I need to go the ADU route - separate address, utilities, etc?

.), utilities, TV/internet, landscaping maintenance, marketing, credit card fees, lodging taxes, etc.

QUESTION 1: Would you consider this a good investment; purchasing a renovated SFH, section 8 it, and utilize a management company?

One of the top priorities is having an investor friendly Realtor and utilizing their network to help build a team that has great communication with each other.

My concerns are debts that weren’t paid or charged off if it was recent and especially if it was property related (utilities, rent, etc).  7 times the rent just means that make a ton of money and spend a ton of money.  

Speaking broadly, I think the best investment strategy involves finding properties that aren't fully utilizing their income potential.At a more sophisticated level, that might mean buying a fourplex of large two-bedrooms, making relocation agreements with the tenants, remodeling the units into three-bedrooms, and then renting them out at market rents.

you may be able to utilize the equity through an LOC as mentioned AND create cash flow on the farm without giving it up.a 60k investment for nearly 300k in equity is a nice 5x return immediately and it's potentially tapable for future uses.all the best to you.

Folks who don't have a lot of money typically aren't equipped to handle the financing of land, running utilities, surveys, building, etc.