I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses.

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

In my experience apt. conversions from single family are more prone to noise transmission. 

Hello! Just wanted to share some notes on my experience with RentRedi.  I was not going to but I noticed BP is now promoting RentRedi again on their recent podcasts so just want to share with others before people deci...

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

The conversation may lead to some form of "Would you mind if I replace it?"

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

I warn people over and over and over to know what they are buying and to go personally see what they are buying.