I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

Have you considered purchasing a short term rental?

Zoom link details on their website.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

The main thing is that a good appreciation won't give a good cash on cash in the short-term but it will be good in the long term.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

Property went on the market that week as we began negotiating terms.

There's long-term money to be made on that strategy.

Tenants don't get to dictate terms.

Be detailed—track start and end times to clearly show your involvement.Task Descriptions – Be specific about what you did.