If you get to a pound t where it's a C grade rental or better you can start to get decent management. 

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

c) how could I build out at least 1 ADU while I was renting out the rest of the house so I could have a place to stay?

They are at least in good location ( C+ or above).But if underlying is something like office class C made in 1970s, I dont know what to say man, the risk is with you....

Focusing on B and C-class properties is a smart approach for multifamily investments, especially in a vibrant area like Austin.

Vintage year is also very important, is this a c-class property (which it sounds like it is, maybe c-), B-class etc. 

@Gloria C., Spot on by @Katie Ripp. 

Would be a buy/hold and cashflows decent probably get $1800 but skinny from equity standpoint and in a C area with a basement that needs atleast $10k alone. 

Class C is already cheaper and can cut pricing even more.

Have multiple 4 units (B/C asset class) in different parts of city and we average about $100-$120 a month per building.Cheers,Art