I'm able to live for free in the main house with the STR income from the ADU How did you find this deal and how did you negotiate it?

We plan to live in one unit and rent out the others.

Totally agree with having at least 250 to 500k to start . and for those that want to make a living out of it.. you need 2 to 3 million.

I can understand why someone from Colorado might think like Scott, but as Californian who found herself transplanted to the South for more than thirty years, living in five states, I have to agree with Peter.

I haven’t went live with the property yet, just doing some TLC and addressing Items that need to be replaced/ upgraded 

You will find the property management/cohosting/cleaning business in Orlando is extremely competitive, and scaling your business will be tough once you need additional staff and are juggling more homes.

Talk to enough homeowners and you'll soon find someone willing to sell at a wholesale price, especially if the owner lives out of state.Driving for Dollars: The last method is to simply drive around and look for homes in disrepair... things like uncut grass, broken down cars in the driveway, or properties that could really use a fresh coat of paint.

I live in New Jersey and would like to make this a medium term rental.

There are a few additional costs when buying a FIG unit, but the benefits way out-weigh the costs and so far all my clients have been very happy with their purchases.Hopefully that helped.Merry Christmas!!

Even better if I can sit down with a builder and get started on funding and blueprints.This meta-strategy will use all the above strategies:1. house hacking: house will be built from scratch to maximize rent/room, while having a family unit/ADU for my family to live in one year2. costseg/STR: the building will be built from scratch to maximize bonus depreciation.