New York and Austin both experience insane competition, but we believe Austin and Texas have healthier economic fundamentals than New York that will produce more wealth over the long term. 

My mentor made me identify the problem, vision, mission,  and principles to bring more structure to my business.Here is what I wrote.PROBLEM:With most owners expecting to sell their properties at market or above market it is difficult for busy professionals to find stable real estate investments that will bring at least a 7% CoC ROI without investing a lot of time and resources in lead generation VISION:To give busy professionals an opportunity to own solid income producing property opportunities without them being required to do the hard of studying real estate, building a team, nurturing industry connections, etc.

I agree that you could cover both options with buying a primary home that has at least one income-producing area, be it a carriage house/converted garage apartment, an "in-law suite," or even a home with a suitable layout for easily converting to/adding rental space. 

I refer to it as a poor investment even if it has produced positive return due to appreciation because in the San Diego RE market there are investments that have done much better.  

Let them know that the investor will produce the POF.

Or a large acreage parcel with a home where the land would be developed into a new income producing vineyard. 

It’s a house around $150,000 that I think is in a great location (close to downtown) and can produce some good cash flow via either short or long term rental.

Might make more sense for her to gift non-income producing assets, at least initially.If you want to make your mom property manager, check on rules in your area, would she need to be the owner or a real estate agent.

Hello @Russell Gronsky,When you spoke to the top producers in your market, did they mention anything about your asking price? 

Add to this the financing associated with ADU additions is not typically the best results in ADUs producing a worst return than most other RE investment options.