The mega backdoor roth sounds great in practice, but in real life situations I've never actually recommended it to anyone. 

I am actually kind of astonished by this.

In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.  

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

A lot of those loans were made to people who never had a chance to actually pay back the loan and that resulted in a lot of people losing their homes.

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

You’d be shocked by how little actual screening many PMC’s do!

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?

Was it actually an emergency, or did they just say it was an emergency?

There are actually quite a few Americans investing in real estate in Japan, but more I think that invest only in the US.