What I do see is that a strong screening process improves your chances of getting a responsible resident. 

There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

because we have a strong demand for them and great str laws.The Triangle is visited year-round by travelling professionals in the research, medical, IT, and education space.

Use all of the proceeds and take a smaller loan initially. 

This could save you money in the long run, but requires a bigger initial investment.To help you decide, consider these:What's your current budget?

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

Ours is in a rural area with strong seasonality and lots of regional vacation travellers going out for a weekend or maybe a week. 

Long term, the Austin market will do just fine with strong population and job growth.

. - If you come across the same tax expert on multiple threads, and you consistently like their responses, send them a PM via Bigger Pockets or contact them via the contact information listed at the bottom of their comments.IMPORTANT: we're prohibited from offering our services to you, both publicly and privately - unless YOU initiate the conversation from your end.Still, some people choose to ignore these Bigger Pockets rules and will send you an unsolicited PM or even post publicly something like "give me a call, happy to chat."

The picture they have on Zillow vs one of the several I have with the same view:I don't know who your current PMC is, but I had to switch from my initial one in Warren, MI as it was taking too long to get a renter placed.