I guess I'll start by sharing a bit of myself and how I got here.A few years ago, I saw a listing for a 4 plex in a nice part of a city in the CA Bay Area and thought, that would be so great if I could live there and collect rent to help pay off the mortgage (it was even listed for a reasonable price, though I'm sure there was a bidding war for the final sales price).

sounds like a good deal. a couple things of note to hopefully help: SFR w/ ADU is fantastic, you don't want this to be a triplex on paper. do your DD here, and make sure those ADU's are properly permitted as such. if you intend to live in the property you will have to qualify w/ some type of ATR rules (income/ Ability to Repay).

They don't realize that most mortgages are written to PREVENT this and don't read the fine print. 

To give you a further breakdown Mortgage 1300 Association fee 260 Taxes 290Insurance 40Property management 8% 176 Total 2066All exterior maintenance is covered by the association fee.

I don't think 55k is a small amount and with proper due diligence and searching, you can put that money to good use and see it grow over time.

The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

In March 2022, my dad passed away and I became administrator of his estate which included his home which was purchased in 2003 and had a 30 year mortgage balance of around $70K.

You may also explore a DSCR second Mortgage if you do not qualify for traditional financing.

The income from the property to pay the mortgage. 3.

You'll need to do the latter to properly create the former.