They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

Congrats on the family and the decision to relocate. 

Is the closet on an exterior wall where it's cooler than the rest of the house?

Just be sure you can afford your next project before jumping in. 

For example in Reno, NV there are many homes with walkout basement areas that can be made into separate studio apartments that will get more rent than just the room in the house.

Find others who are doing what you want to do in the particular niche you want to invest in.

I can just say I only paint the wall with my friend and paint the floor and paint kitchen cabinate.

I am a newbie in BP, just started listening all the podcasts, fascinated by the community!

I'm looking to build my network of investors and contractors and all the other in-between specialties.

It's time to run the numbers to determine the cash-flow.