Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income). 

Your background as an electrician and experience in general contracting and project management will be incredibly valuable in the real estate world.

Generally speaking, have any of you invested in this area and been successful?

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

.: I just hired an architect to design and plans submit for ADU in my 8 multi unit to use the tuck under parking.Some people say do not try to be the general contractor as it will take way more time, costly mistakes and will be nearly impossible to manage with current work. best to hire a company that will do it all and cost about $250 per square foot.

I think your questions are a bit to general and you are going to get even more general responses.

It is not impossible here (have a great gulf front penthouse being listed this week), but generally speaking it is not the way to go in most markets I have ever looked at.

They are generally competitive 

Main goal is to simply expand my network and nurture new relationships in the industry, and jam on experience in the world of STR investing...or just investing in general.  

A higher LTV generally requires a higher DSCR ratio such as 1.25 instead of 1.