To qualify you would have to spend more hours managing the ADU than you do working on your W2 or your business.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

I'm an investor/agent/property manager in that area and would be very interested in hearing more about the property. 

Have you considered investing in any other markets and how you plan to manage the property? 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

As stated on their gov website: “FHFA is responsible for the overall management of Fannie Mae and Freddie Mac and has informed the Enterprises which decision-making functions should be performed by the Enterprises' boards of directors and/or management teams.

Really well managed, and great communication.

The ability to effectively self manage would depend on the scale you are trying to buy. 

Consider managing remotely you'll have to be willing to travel 3 hours when needed or find a way to handle it virtually.