In addition, the capital outlay starts long before any income and the detracting of something from the primary structure even if it is just yard space.As indicated, my original protege made a lot of money (over $500k) on a land transaction associated with a large count ADU development.  

.- The numbers may have an impact on your decision.You may also want to read your condo's Home Owners Association Master Deed & Bylaws to make sure there are no restrictions on any type of rentals. - Many HOAs have LTR restrictions and some now have implemented STR restrictions.Also, hopefully you've updated the home insurance policy of your current STR rental from a homeowner's policy to a landlord policy.

., repairs, maintenance, insurance) associated with a rental property.

Tenant will be responsible for all charges associated with malfunction of the system due to misuse.

Hey Daniel,A great way to start connecting with other investors is by attending RE events and joining a local investors association.

The National Association of Realtor has actually been investing money into the company and have started to work with them.

Hello, I'm looking to build an ADU on a property and then convert the two homes into a Condo association.

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

@Scott Trench I volunteer the full resources of myself, team, network and lobby powers with associates in facilitating any/all of these actions you deem required to take. 

I’ve come across options like the Institute of Real Estate Management (IREM), National Association of Residential Property Managers (NARPM), and Certified Property Manager (CPM) programs, but I’d love to hear opinions on which have been the most valuable in practice.Additionally, any recommendations for resources, books, tools, or online communities that have been helpful for day-to-day management would be appreciated!