Are monthly updates preferred as long as there is bulletproof accounting? 

Mostly people with minimal RE experience are adding a single ADU and they often make that choice based on cash flow without taking into account the negative equity position.  

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

So cash flow is my least preferred of the RE return sources.  

She will do as much or as little as you prefer

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

The calculator finds that the annualized interest rate, or if you prefer return on investment, is 9.43%I hope this clarifies.  

Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

But if you want to use it, then an STR may be your preference- but to be profitable, you would need to have a large down payment.Aloha for now!

So they really had no choice IMHO....Welcome to the landlord world I guess.....makes ya wonder why we do this sometimes, huh?