It seems to be a need in the area and its much cheaper than a standard motel for a month.

Just be aware, even if you house hack there's a good chance the other rent is not covering all your expenses or even your mortgage payments, but it should make your living costs cheaper than a single-family home you just buy to live in.

I would even demand he stop work on the renovation so you can put it in the hands of someone that understands the importance of communication, fiduciary responsibility, etc.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Obviously we are tempted to try the cheaper option, but we know there is a catch, it's that cheap for a reason.

When furnishing my first STR, I leaned towards cheaper goods as I had just spent a ton of money on the acquisition, and learned my lesson quickly.

In general - commercial loan on a fourplex is cheaper to originate.

I was looking at these areas as well as they were cheaper than buying in Rockville and also appeared to have some decent homes.If getting the ADU would be tough in general and renting by the unit in those areas would also be challenging I may need to rethink my strategy.I am doing this as a first time MD homebuyer and looking at my options to rent a portion of the home.

@Leslie Hsiung, my "sell" suggestion was not meant to be taken seriously - IF you can't find a cheaper suitable living arrangement.

Definitely want to consult a title attorney on that, but this is why I tell people to go with large well funded title companies rather than the cheaper local ones. 

We use companies like that to find cheaper options while on vacation rather than a resort.