We did the appraisal, got the lawyer, and everything was set.

This effort led to a successful sale on 12/03/2018 for $199,900, demonstrating the effectiveness of our renovation and marketing strategies, resulting in a substantial profit.

Effective age on the appraisal report is 18 yrs versus actual 39-year age of the unit, with a C4 condition rating. 

Repeat and trust the compound effect.

Keep in mind though deal came to me on Wednesday Thursday and had to close on a Monday one of the reason I could do it that quick of course title was all done so I just reviewed title policy( dont need a lawyer to do my deals with my experience) etc..

So while some rules only affect potential residents, they can have the effect that investors in land like us will have trouble finding buyers. 

I think I need to hear more about the law before and the law as it would go into effect and make sure I'm not misreading something. 

Are there any particular management practices or tools that have proven effective for rent-by-the-room setups?

I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.How does someone truly manage a property "effectively" from a distance? 

You just have to make sure once you vacate your primary and converting into a rental, how would your DTI (debt to income ratio) be effected.