I would prefer to take longer negotiating the price down and then being able to deliver than lock up a deal quickly and then spend time on the back end.

Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it’s right at part of the recommended 28% of monthly gross income.

Preferred lender offering 3.125% interest rate.Payment Breakdown:Principal and Interest: 1321PMI: 59Tax: 253Homeowners Insurance: 33Condo Fee: 400Total Monthly: 2066 (27.5% gross monthly income)While I am increasing my housing costs by a significant factor compared to renting, it's right at part of the recommended 28% of monthly gross income.

But everyone is different and maybe you would prefer to not worry about it all!

Then from there you can transition into acquiring additional renters or fixer uppers depending on your skillset and preference. 

@Amber Mena  The best way to estimate the value is to find other comparable sales within a mile that also have ADUs, preferably fully remodeled if you're building new. 

@linzey Brad is my preferred lender lol!!

For example, house hacking might seem like a really obvious answer because you get such broad exposure to the industry, but maybe its not a good fit for someone that prefers very passive options or commercial. 

Area that allow STR is preferred so it can be rented out when not in use.

Some of my tenants use it, and some still prefer checks.