Very True.

In your experience do those rental comps hold true if you go North of Addison (specifically Irving & Kedzie area).

Very true and we were kind of thinking about that 3 year time span as well.

This is true.

Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.  

The Go-Giver: - “Your true worth is determined by how much more you give in value, than you take in payment”The Voice of Knowledge: - “It’s not important to be right, or make others wrong.

I believe new construction homes don't cash flow as well, based on what I have read but not sure if true.  

It is true that you'll probably only be responsible for paying off the interest for the first ten years. 

Connie this is not true.. there about 15 states that require state license and NMLS in CA you can do HML with a RE Broker license legally.. 

It is important to note that the information provided by the other poster above is only true when you purchase the property first as your primary residence.