Anything im missing/have any tips for.

People are spending 400k for an ADU but Boxabl offers a studio, with appliances, full kitchen and full bath for 60k.

If not, you may have to qualify with the full mortgage payment against your debt to income ratio, including the new home that you are looking to purchase.From a tax standpoint, you may want to speak with @Natalie Kolodij. 

The game plan would be to keep this structure for 1-2 years with future full sale.

I had previously posted the property for rent, showed it and screened the tenants.  

Multi-family real estate is something I am planning on doing after I graduate college and eventually full-time. 

If considering an LLC, speak to a real estate attorney and tax advisor to make sure you don’t accidentally trigger reassessment.This post does not create a CPA-Client relationship.

They want to be full service RE professionals.

This is their full time job and they collect a fee but are still able to pass along strong deals to end buyers.

Partial interest only is available at 1.20-1.25x DCR (max leverage), whereas full term IO is available at lower leverage points >=1.35x DCR in most markets.