Thinking the San Juan Mountains in Colorado or perhaps Eagle's Nest NM area. 

This means you close your purchase and pray the appraisal with the proposed ADU has the value you think.

I am thinking about moving into a new home in the Bay Area and just got pre-approved for up to $800k conventional financing not FHA due to me owning rentals.

@Tip MallickI think there is an international forum but not that many people invest internationally here and probably even less in Thailand anyway.It depends on your objectives (we all have different ones) but didn't you already answer your own question?

I was recently told in a sit down with an attorney to form them into a Texas Series LLC, which I think is decent advise, correct?  

Why do you think purchase contracts are so long and have such small print?

I really don't think that applies anymore as the number one advantage of Real Estate is the leverage (it's easy to get money for it).However, You need cash reserves to make sure you stay in business and can keep building (both skills and wealth).To answer the question of BRRR vs Flip - It's all about "do I have enough cash reserves to make sure I'm going to stay in business?"

However if you have no transactions I don't think it will be of much benefit.

There are investors that do the full thing, but may take a lot of money due to a newer investor bring them a deal (the split may be bigger than what you think is okay for asking).

Throughout May as I was working through my classes and started to learn more and more I realized that this is something that I not only enjoy learning about but also think I'd be great at it.