Quote from @Jenni Utz: You have that built-in equity on the deals that are off-market.

I understand that if I rent this ADU out, then I can have a tax write off on the mortgage payment and insurance payment for the the ADU's sqft portion.

In my limited experience with this small number of syndications, they were very desperate to buy basically anything in order to have "deal flow" (these properties were not for sale, they approached me off market and made me ridiculous offers which I couldn't refuse despite not planning to sell these properties for another 10 years or so). 

But I have officially hit 6 figures in revenue and honestly if I wanted to I could just stick to having these 3 and live pretty okay off of 3 airbnbs I am arbitrating.

Guys, no investor wants to pay off a low rate mortgage so you are just spinning your wheels. 

In the city or more urban neighborhoods though it's definitely more commonplace.I've added off street parking behind a property off an alley like you said at least a handful of times.

I’d rather have more properties with mortgages than a couple paid off properties.

Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

Would like to be more hands off as well.

We're trying to get our first rental property paid off with extra cash.