We basically execute a form of the BRRRR strategy by targeting communities that require significant renovations or improved management to bring them back to profitability and then we are able to use the increased equity when we exercise the option. 

I was on a cruise last week and downloaded a lot of episodes to binge listen during my exercising.

But then on the closing side, the attorney side, etc - listing what each potential person who could or should be involved in the transaction and what their role is would probably be helpful for someone getting started.

We’ve done our research and there are no other short term rentals that offer an on-site gym or exercise room.

One of the core roles of a property manager is marketing and filling the vacancy quick.

I bought it because I thought it would be a fun way to exercise.

It will then likely take more than 10 years to fully distribute the property as it appreciates in value.The key to this exercise is that what was taken out last year does not matter. 

If you go through the exercise to determine a property value via NOI/cap rate adjusted for the mandated owner occupancy for what value is added by the ADUs it would be nice if you could post the results.   

Everyone knows what it takes to have 6 pack abs but not many people are disciplined enough in diet and exercise to have them.

I personally learned it by finding a local mentor, joining as a LP, learning the ropes and eventually graduating to the GP role.