Spending a ton on property management doesn't seem like the best move.

DIY A first-time DIYer can expect to spend several hours replacing a kitchen faucet.The time it takes depends on your experience and the faucet's complexity.You'll need tools like wrenches, a putty knife, and a small bucket.You'll also need materials like supply lines, silicone caulk, and plumbers tape.You may be tempted to be cheap and estimate only 30 minutes, but you should estimate an hour to be safe.What about the time to go to the property to figure out if a 2-hole or 3-hole faucet is needed, then drive to Home Depot to get it, drive back to install and then head either to the next job or back to the office?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

You spend a giant pile of money before you make a dime of revenue.

It's updated yearly and is the best $40 you'll spend as a Landlord. 

So spending 200k on an ADU will likely not increase your property value by 200k. 

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

How many times can you spend $1500 to get an 88% return?

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.