Ensure that the cash flow from short-term rentals will cover your expenses.Ultimately, it depends on balancing location, property condition, and cash flow goals.

@Bret Hudson: I've been a heavy user of both websites you mention and I find your comment interesting.

There are companies such as Cover that offers a full service ADU deliverable from design through construction completion.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Maybe even offer to cover some closing costs to sweeten the deal if they’re stuck on a higher price.

Looking at some rough quotes, they start at $30 a month apparently and you can cover things like HVAC, plumbing etc...  

No amount of insurance covers the personal loss.2.

And, voilà, you have your own guide.Problem is what they'll likely want to know will probably be basic and already covered by those guides.

First, most investors and owners of real estate related businesses are in one or more of the following situations1- they’re unable to duplicate their expertise that drives the ROI and they are at their personal max capacity as to time2- they’re obtaining high ROI by use of excessive leverage 3 - they’re obtaining high ROI by taking excessive risk4- they hit correct timing in the correct market, and this is not necessarily repeatable with any probabilityIn order for an investment or business to scale, we need the ROI (on a risk adjusted basis) to be sufficient to cover a PREMIUM risk adjusted return to passive investors; all expenses of managing the assets and the business, and a significant return to the “sponsor” providing compensation to him making the work, risk and time worth while. 

Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?