For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

@Scott GorhamSome of the strategies for buying a property if the original mortgage stays in the seller's name would be subject-to or a wraparound mortgage.

To do Airbnb, you would have to furnish to the nines and add tons of amenities so it is group accessible.

You have complied a pretty good list of what not to do...I would add the following:1) Do not even pay 25%.

Have the rents gone up that much?

Conventional How did you add value to the deal?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Hi Jake, the fact that you're a US citizen/resident has absolutely no bearing on the process.

Quote from @Griffin Coxen: @Adrian Chu Is the DADU accessible from the back of the lot or is there an easement across the lot of the original home?