So they can replace the people that move out with people you approve of after proper screening..... keep the same number of people and now the total rent is split between them, so the per person goes up..... or they all move out and you start all over to rent it at current market rate. 

These policies and systems have proven to be the most effective, efficient and logistically sound way protect the rights and interests of Holton-Wise, our investor clients (you), and our tenants.

And it would cause an uprising...at least...That sounds great but there have been millions of illegals here ever since I've been alive.

It’s a large two story, we are currently replacing the roof.

Plus a lot of inspectors tend to turn up issues that aren’t actual issues, so having multiple inspections done sounds like a nightmare of sorting out which inspectors actually know what they’re talking about, which issues are real and which are not, which issues now need to be disclosed by the seller and which don’t, etc.

The property is selling for around 500k, but the insurance is saying the replacement cost is around 4m.

I don’t need to replace that money right away so it gives me options. 

Personally I would be reluctant to liquidate the majority of my current portfolio to embark on a risky new gig.The terms sound great, perhaps a little too great?

Sounds like you need to start investing in a different town, Paul. hahaha

If we moved out and rented the main house as-is, we'd barely break even or even potentially enter negative cashflow.That's why the idea of renting out the ADU for extra income sounds appealing.