So, just so I’m understanding correctly, unless the ADU has a driveway for parking of its own, then rent rates might go down on the actual house bc, essentially, the property land is being shared by different parties?

With the internet, there aren't really do overs -- most websites have other websites that grab (legally or illegally) information . . . it is pretty impossible to make anything disappear once you put it online.

How does that work when you are not yet the legal owner of the property?

I don't want to rent it out as it seems like an electrical liability - and I'm not sure if renting it to others would be legally possible seems how we don't own the land.

Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.

(This is the only time it is legal to screen 2 applicants at the same time here.)

Quote from @Rereloluwa Fatunmbi: Quote from @Andrew Steffens: You definitely saw what I was getting at - this house IMO looks like a great place for a bachelorette party / bridal party etc. 

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

Meaning, I can't go raising the rent after both parties have signed the lease for a lower amount.hope that helps!

I actually think it is a benefit to both parties to have professional representation to assist the seller and buyer with these types of transactions.