Remain responsible for rent, utilities, and other terms until a replacement tenant takes over.#2 can be a bad option in the middle of winter when renters are harder to find.

A realtor who used to have a PM company called "JBS Realty" until this month.He used to manage 8 of my properties and is currently refusing to pay out multiple 5-figures worth of rents/property reserves/security deposits/unpaid utility bills owed. 

Rent out part of the space at least to help pay for mortgage and utilities.  

This step would include understanding City zoning & platting, locating utilities, researching City codes for development requirements (big ones include detention), etc. 

My question is - what is the best strategy for utilizing my home equity and buying my first rental?

Especially if you get a long term resident in the ADU and then you might can utilize them to help on your turns of the MTR. 

I hired a GC to manage the build out, but there has been no consensus on who is responsible for the utility payments (Water and Energy). 

I see a lot of posts for furnished monthly stays where owners are fretting over utilities and how to ensure a tenant doesn't abuse their being provided.

Utilities are typically $350-450/month for a 3/2.If you have any more questions feel free to reach out!

Assets identified in this study include:Infrastructure and Site Utilities: signage, site lighting and utility sinksLand Improvements: sidewalks, landscaping, fences and parking spaces50% of the total depreciable basis was classified as 39-year class life.