Stretch your boundaries and your comfort zone, don't jump them.Lastly, if you would not want to live in the area, or building, as a renter, then don't buy the building, nor in the area.

If they fail to leave, evict based on the habitual lease violations.If you can't figure out how to do this, or don't feel comfortable doing it, then the other option is to allow them to finish their lease and then require them to move out when it ends.

I've noticed investors finding some promising opportunities there despite the current rates, partly because of strong rental demand and growth potential.At the end of the day, it's about aligning with your long-term goals and comfort level.

There are items required by law and in general those are related to the safety and basic comfort of living. 

We're comfortable with that though as we want assurances that their financials are healthy.

You've already put in some great thought, and with that ADU, you've got a lot of options.One thing to consider is starting with long-term tenants in the ADU for a bit and then transitioning it to a mid-term rental (MTR) down the line when you feel more comfortable.

This enables you to get your feet wet while seeing how the experience goes and once you get that settled in and you're comfortable with your processes then I'd start branching out into other investments whether it be local to you or out of state. 

I always go in with a simple offer of this is the rent, and we are also comfortable giving you a (insert something you need to do anyways like a basic, white paint job or a new appliance).This is one of the most uncomfortable parts of the business though, and the quicker you get over being able to have these conversations, the quicker you will be successful in this business.

I feel like the more people share, first hand experience in this space gives folks confidence and one of many reasons it doesn't feel comfortable to me.

I agree, with Joe, it does come down to you and how comfortable you are with house hacking and if it makes sense for you financially and for your family.