Lastly, in areas that are seasonal, operators can consider mid term rental (MTR) for the off season period at a significantly reduced average daily rate.

I've decided, starting off, that I'd like to try renting apartments in my current market (Jacksonville, Florida) then furnishing them and offering them to traveling professionals on AirBNB and/or furnished finder. 

An ADU is an Accessory Dwelling Unit -- specifically, a garage or other structure converted into a living space like a studio apartment.Houses can have one ADU and small multifamily property can have two ADUs (and more under certain circumstances).Here's an example deal, one I was exploring with a client recently:https://www.redfin.com/CA/Los-Angeles/624-N-Evergreen-Ave-90...This fourplex has two large garages, each of which can be converted into a studio apartment collecting $1600/month in rent (with plenty of off-street parking still available for tenants).

Lack of signed off permits may be to my benefit should things turn nasty. 

My intention is not to boast but to inspire and share the significant impact that BiggerPockets, especially Joshua Dorkin and Brandon Turner, have had on my life.I first encountered BiggerPockets at 23 while enduring long 14+ hour days as a pipe fitter on hydroelectric dams in northern Manitoba, working 21 days on and 5 days off shift schedules.Although I was earning well for my age and educational background (I barely graduated high school), the job was unfulfilling and almost toxic, mainly because of the dynamics with the associates in the industry.

you don't need off market land. most land is listed is fine. it's a buyer's market for land in most markets which means more than a 6 month supply. practice underwriting the deals and making offers, find deals they may do owner financing, etc on. 

Now this number will change if the person pays off early, etc. 

Your only exit is to use all your excess money to pay off the heloc or hold the rental and hope it will increase in value enough to sell and pay off your heloc.

To kick things off, here’s my story: I once opened a wall expecting to find the usual mess of old wiring, but instead, I found… a collection of vintage Pez dispensers!

Aggressively pay off the mortgage and save a lot of money on interest.