Hello, I have been listening to the BP podcast and finally jumping onto the forums. 

We have a duplex with an extra flagpole lot that we are hoping to set up with an ADU for short term rentals.

There is not even a cohost option that I know of.Are you going to get a PM license?

Make sure you know what it's like to be an Agent before you spend thousands of dollars on MLS fees etc.. 

I have one that I like to use.

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

A place that the family always thinks of and goes to for reunions or vacation? 

These allow you to bundle renovation costs, and if the post-renovation value meets 20% equity, you may be able to avoid PMI.

Or would you not try to do this deal at all and wait to build up the cash position to fund the down payment, which could take 2-3 years?

If you want to house hack in Northern NJ its simple, I am the go to realtor.