@Robert Maxwell, my advice: listen to the first 300 episodes of the BiggerPockets Podcast and then return to forums when you have a specific question.

Bank won't give me the amount to build both units off the bat, and I'm searching for an alternative way to finance the ADU until I can get renters in there and refinance the bond.Any suggestions would help!

They had a very specific vision for a dream beach house.

Philadelphia area, Chester county to be specific. 

For STRs, you're going to price according to your market but also most likely using a dynamic pricing tool to take into account location-specific demand fluctuations.

@Jason Allen a wise question, but there's no specific industry standards in the SFR area, like there is for MFR.Read below for what we use:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

Also worth noting, unlike the stock market where you can buy into the broader market and the market price is set, real estate you are buying a single specific deal where prices are not set.

Subsequent years: Alternate satisfying test #3 with one couple participating in at least 100 hours of activity (and more than any other individual) and the other couple not meeting participation test. 

Find a specific area then find different properties in that area to analyze deals in order to see what works.

I was wondering if anybody had some area specific issues to keep an eye for and what are the BIG problems to avoid.