Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Used houses in the area sell anywhere from $75-125 a square foot.These are long term rentals that I do not plan to sell.I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

This will not qualify for 1031 Exchange treatment under the present structure and "use." 

There are many who will argue my methods and that's fine, it's worked very well for me and has been extremely rewarding in ways that cannot be compensated monetarily. 

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

Question: why would one choose to build an ADU when existing structures sell for less than the cost of development?

If seller financing is the route you go, you might consider getting creative with the structure to make it work for both parties.

It's a little different but structured properly it beats the work, hassles and uncertainties of flips.