This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

My plan is to possibly use it before the spring on a down payment, but then quickly pay it off (I'll have enough for 20% DP in spring but am trying to beat the buyer rush for that time of year).

You can target specific people looking to sell their home and tell them that you are an interested buyer.

@Sara Donohue I don't recommend buying land if there's not an actionable plan whereby the buyer can build.

So, you want to watch tenant credit scores, see the default chart below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% PROPERTY VALUES: What are buyers willing to pay for a property? 

Every home and neighborhood is unique and buyers have a lot to think about!  

During the due diligence process, did the buyer walk the property, unit by unit?

Buyer beware:  Any "new" cabin built in the bubble period might well be a pile of junk.

In many of these financings, the buyer paid a purchase price based at least partially on the increased cash flow generated by the property being “proven” as a successful STR.  

I'm an agent and investor and about 80% of my buyer clients all house hack.