. - Verified income must be a minimum of 3X the rent. - Current employer reference must be provided and we must speak with the employer.

Consider factors such as site preparation, ongoing maintenance, marketing expenses, and potential income from bookings.

My plan is to make interest payments with savings/income possibly HELOC. 

We also see that the SECT 8 typically pay higher than our market rents in many cases in the lower income areas of town. 

It could bring in more income, but you may deal with more headaches due to your tenants not getting along.Hope the info helps! 

You didn't mention what your PITI is and what kind of income your ADU brings in but I'm guess you're close to living for free.

Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

Using income assumption of $3400, so after buyer fulfilled one year obligation as owner occupant.

You also lose the income and you have the expenses of getting the property rent ready.

But you generate $290-$310 dividend/interest income too from your portfolio.