@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

We recently did a BRRRR and got our HELOC out of the refi, but it was a lot of work and we are looking for a simpler investment.

I see that kind of structure (maybe different splits or thresholds) with first time LPs - it's generally simpler and easier to understand.

Studies typically cost $3,000–$5,000 but affordable DIY options (around $400–$500) exist for simpler properties.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

What other concepts could be added to list of options? 

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Also, when it comes to enforcing the lease, use a simpler approach.

I've exchanged our place with another host by on a 1-1 bases.Host share seems to have an interesting concept of exchange available nights but within 5 days.....so what typically is not rented.

I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones.