However, with a 5% down conventional loan, there isn't a strict limit on the number of properties you can acquire, as long as you meet the lender's criteria.One strategy I've seen work well is using the FHA loan to buy your first multi-unit property, live in one unit, and rent out the others.

I do not have financing set up yet, but my plan is to use an interest only HELOC to fund the ADU.

This isn't always their initial plan, but it often turns out to be a profitable strategy.Several clients have considered buying condos to rent due to the lower maintenance requirements.

I know there is other software out there that can be utilized as well but after research, I landed in Hemlane. 

Hemlane offers property management through our innovative model where we send 100% of the rent to you so that you can control and approve expenditures as well as have full transparency into the day-to-day so you always know what's going on and can make key decisions. 

I have heard a lot about Propstream as well.

Also, read the contract very well before you sign because most PMs will lock you in a long-term contract.If this is your first investment, I will recommend you manage it yourself so you learn one or two things about landlording/property management.Goodluck man!

Hey Olivia, I started out house hacking as well, feel free to reach out.

Well the only way to get a law deemed illegal is to have the Supreme Court to declare it so.

As well as buying it down with points.