This is perfectly fine if you are going to be living there a long time, but I see people who use a home as a stepping stool home to a larger home in future and make it very customized to their liking but then when try and sell it, it does not appeal to the masses.

I currently work with investors who are looking for long-term rentals with turn-key properties and help manage on the back end.

Another possibility I looked into is simply leave the current SFH as is since we have long term tenant, but build ADUs on the lot.

The decisions and actions you make today can lead to incredible long-term benefits, so it's great that you're starting now.A good starting point is connecting with a lender that aligns with your goals.

How feasible would it be to transition her to Section 8, and how long could this process take in Brooklyn, NY? 

The city’s robust economic growth and steady population influx continue to drive strong rental demand, making it an ideal choice for long-term investment success.Best of luck!

While the prices are attractive, I'm concerned with its long term viability.

In the professional opinions and experiences of the investor community, what place in WA state would you invest in a Long term rental?

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income.