This is assuming you passed the 750 hour rule and the 50% rule to qualify as a REPS

Debt service on this is $2308/mo which seems really high.

I have a background in technology and real estate (I was a previous VC-backed technology company founder), so I am very tech-friendly, and I like to adopt solutions that streamline workflow/enable best practices. 

good luck  Here in Boise, I have a client, he is having an ADU put on his property this week:1 br 1 ba, 448 sq ft. 32 feet long, 14 wide.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

Our developers have all noted that HUD has gotten much better with this program in the last decade and it more depends on the local housing authority being good or bad.

This is my due diligence. 

In doing so you create an accounting nightmare.

I have gone round in circles trying to figure this out.

My name is  Alec and I'm aspiring to buy and rent out my first house in 2025.