We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance. 

Less oversupply with that product type and more renters that were renting the more expensive bigger cabins are choosing the lesser ones because they love the area but don't want to spend as much on rent.We've talked with several long time investors out there and there isn't a one that have held on to their cabins over time that aren't still adding more. 

Have you tried it out?

I'm amazed to find out it is rarely done.  

I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

The seller was moving out of state and needed to sell.

The other prefabs out there make the deal almost undoable to the point that it'd be better to go with a stick build at those numbers. 

If you are out of money on this, it's time for creativity and elbow grease! 

Make sure you're calculating correctly.The second thing is that you just started out.....congratulations!

There's no perfect software out there.