@Mark H.

I work a W-2 job and still have a $13K of student loan, but no other major debt (own my car and small credit card debt) and I have a high credit score.I have been learning and researching on how to analyze BRRRR strategies in my area (Essex County, Haverhill, Massachusetts) but I am stuck on what can I do right now with not enough savings built up get and its only been 5 months with my FHA loan.. should I wait it out for the 1 year mark?

My understanding is that an ADU would be converting non livable space or adding livable space not just changing an existing SFR

As @Mark Fries states, there are deals out there, but you have to have a system to get the homes.

It pays to shop around when you believe you're close to that 20% equity mark.

@Mark Nolan i know they’re not going to be able to stay/afford...

These "party houses" that were renting illegally on AirBnB drew lots of attention from the neighbors and have caused loads of problems.The fact that you mention this house can accommodate 12+ people implies that you are looking to fill that "12 person, higher nightly rate" space.

Identify your Ideal Mobile Home Park and location (type of park spaces, age of homes, city water, city sewer, 70% or more occupied, cities with high population, etc..)2.) get list and enter into excel.3.) find owners info, address, phone#, etc.. 4.) contact thru mailings, cold calling, etc..5.)

how many parking spaces?

The rents are below market, the current owner does not charge any rent for outside parking spaces, the parking garage rents are below market rate, there is a beautiful unit being used as an office that could command $900/month, storage fees are not implemented, water is being paid by owner, etc.