Especially if you can get to $5k in rent per month with $30k in work.

Biggest struggle is finding deals that make sense where the numbers work and in locations that would work for STR.

It normally takes 5+ years of rent increases before you feel like you are doing ok. 

We purchased it with the intention of living in the Ground floor + BSMT apartment and renting the 2nd floor apartment.

This would be a 3 bed/2 bath in a good appreciating location. 

So you can buy a four flat, live in one unit and rent the other three, but you have to live in one unit on the site. 

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Essentially, the Finish Schedule is a spreadsheet that contains all of the product links, SKU numbers, quantities needed, and installation locations for every single piece of material that goes into your project.

If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.