Make sure you know the value the ADU will add to the property before building the ADU. 2) the financing on an ADU is typically far worse than for initial investment property acquisition or is often not leveraged by the ADU (HELOC, cash out refi, etc).

However, I'm in the middle of a cash-out refinance of an investment property I already own.

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

Whether it’s buy-and-hold, fix-and-flip, or short-term rentals, there seems to be a lot of potential here.For those already investing in the area, what have you seen?

If you are new and out-of-state, you are behind the 8-ball for sure and need to be very careful.

Read on for some useful info:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

I'm thinking about investing into section 8  housing in STL and I'm new to this game.

Don't rush into investing. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Sometimes they want me to fix something (like cracks in a driveway that no other company had cared about previously).