I'm here on the forum to better understand - how others would navigate a similar scenario.I guess I'm still shopping for the ingredients to determine if there is a 🍞 of bread and if I should even attempt to bake it.

Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend. I understand that they would all be considered ...

Which is why I think house hacking is best for 90% plus of new buy and hold investors.I wrote an article on this a while back that goes into more depth and you might find that helpful: https://www.biggerpockets.com/blog/get-a-loan

If you can house hack where you are at, that alone will be enough learning to give you a good taste of what you might be looking for.

Rent by room / house hacking / co-living should deliver significantly higher cash flow than a traditional rental. 

Being able to look one of these sellers in the eye and tell them that you can, as a licensed agent, either list their property or attempt to assign the contract, assuming wholesaling is legal in your state, is a huge credibility booster.2) Get an entry-level job, hustle, save as much as possible and plan to house-hack when you turn 18-21.

Not interested in home hacking. 

I’m no longer house hacking, and all three units are rented out, generating a total of $8,200/month in rental income.

While this doesn’t apply to investment properties, it’s useful for primary residence or house-hacking strategies.3.60-Day Rollover Rule: You can withdraw funds from your IRA and avoid penalties as long as you return the money within 60 days.

Id rather see you house hack a property.