It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

If you conduct yourself as a serious investor truly looking to work with that PM than they will likely help you through the process, especially if you use them as an agent.

The rules are also very landlord-friendly (no 12-month eviction process!).

This includes if the property does not close.Your agent should be holding your hand through this process.  

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

While I agree that the purchase is an important part of the process, if you buy based on price and not on the STR aspect of the deal, it could fail.You might get the best damn deal on a property in an area that makes a terrible STR thus it isn't a deal at all.

It seems like they help you find a deal, work through the process, sometimes property management etc...

I like the sit and wait plan.. no sense burning cash on things that cant get processed now anyway.  

Any advice on the process above would be greatly appreciated.