Here is a more complete list of reasons that a hands off ADU addition is not typically a good investment.  1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

@Sushil Iyer I agree with @Travis Timmons that Temple and Belton are generally better pics with a more diverse economy versus Killeen.

And you're stuck in NYC.I would echo those that said move to a more reasoable place to live. 

If all I had ready to deploy was $60k I'd put it somewhere until I grew it to a more substantial number. $60k doesn't buy a whole lot these days that's not going to come with a pretty substantial amount of risk. 

It seems like a more cost effective way to have multiple tenants. 

For this unit I am going for a more affordable choice for the travelers in the area, more so more of a homey feeling whilst my first airbnb I am going for more of an upscale experience but not sure yet. 

This gives you a more accurate view of the property's true cash flow and performance without relying on a large down payment to "force" good numbers.This is exactly what we do — help investors like you evaluate deals to ensure responsible purchases that lead to portfolio growth.

But all in all, its definitely a more difficult time for foreign buyers in Canada.

If you have a good insurance broker, you should be able to use a more standard policy though.

Most are opting to buy a higher priced property in better locations and with a more experienced team.