He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.

It has improved a little since the new legislation in Jun 2023, but with 8 more insurers coming in the market I imagine it will be a lot more competitive now:https://www.wfla.com/news/florida/8-new-home-insurers-can-en...

My criteria are:  An area I want to enjoy with my familyNo pending or or existing STR restrictions or legislation in processPotential occupancy rates > 150 days per year Net cash flow between -5k to $5k per yearFamily friendly destinations, non Bachelor party destinations I wrote a BP blog article also that touches on some of this as well that you might find interesting.  

(This makes things a little cumbersome.)I would like to propose a variance to the County for this regulation.

And it looks like Colorado is going to be one of the absolute Worst states for landlord protections if the proposed legislation goes through..

Pretty much anywhere but:1) Near major hotels2) Legislation or soon to be legislation is creating an issue3) Anywhere that folks in this thread suggest.For me in 2024, I've done two and am aiming to do one more city and a total of 3 more properties.

I think we're a bargain at the $13.90/sqft that we're going to propose that bakes in this guys commission.  

Jumping into the latest buzz around the real estate world, the National Association of Realtors (NAR) has proposed some changes that are pretty interesting and could really shake things up.

At acquisition the seller would be in first position on the property - you're then proposing to have him bumped down to second position by bringing in a construction loan.

You think it will be passive because you are planning on hiring property managers, but that's a big cost for one property and you still have to manage the manager or your cash flow will dwindle.The way you are proposing what you want, you may get caught in a turnkey funnel and end up with less potential scale on the investment than you had hoped.