Best pay compared to cost of living.

Financial Projections: Compare the projected monthly cash flow from renting (especially with an ADU) to the net profit from selling after costs.

It’s worth calculating the total investment (purchase price + wiring replacement) and comparing it to what the property could yield after the upgrade.

We haven't bought anything in the past couple of years locally because the value proposition compared to what we already own just isn't there.  

I know you are dealing with a 3 month lease rather than a 12 month lease, but for example....Say I rent my home for $2,500 per month and have to lower my rate by $100 to find a quality tenant that is a loss of $1,200 over 12 months compared to a loss of $2,500 for each month it remains empty. 

This has been well worth it compared to the 40+ hours I was previously spending doing this myself come tax prep time.

Compare that to the performance of a new property (with that equity unlocked but also with a different interest rate as @Katie Ripp said).

I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.

I will publish list of failed delayed projects for Grocapitus so people can compare against successful exits and decide accordingly.

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children.