A HELOC should be reported on your credit profile as real-estate related.

The goal is to become an expert on ADU's and the sub-topics that relate to them.

We are fair housing compliant regarding animals.Our tenants’ safety and the peaceful enjoyment of their home is important to us, so we do a credit/criminal background check on all applicants aged 18+, as well as employment and prior landlord verifications.

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

Look around your town and find some relatively new apartment or condo complexes- who built them? 

I wanted to see what markets have both a relatively high rent-to-price ratio and high appreciation.

While the property is in a smaller town, it’s relatively close to a larger city, which I think adds a lot of potential for attracting both short-term guests and long-term tenants.The motel has fewer than 16 rooms, and the nightly rates are extremely competitive for the area.

Here is a link to a recent allocation from Harvard's endowment: https://finance.harvard.edu/files/fad/files/fy23_hmc_letter....These allocations can help point out asset classes that are getting overheated versus those that are relative values, since the asset classes that are getting over-heated will start to show themselves in outsized allocations within your portfolio.

Hell I can get an aged SHELF (not shell) company for $695 there and it was the EIN and all that. 

So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.