The AC maintenance is minimal with "swamp coolers" that we have here in NM, and my husband does that, so it doesn't add much expense, just new pads each year.  

We have clients using private banking systems to gain additional revenue on their rental property.

There are coastal commission guidelines in addition to the zoning and building department requirements.

If I were you, I would look into the HELOC to access your additional equity.

Vacancy sucks and if you're managing it yourself you can minimize that by working your *** of and market the hell out of it.

My main goal will always be to build a portfolio of long-term buy and hold investments and to acquire properties with as minimal cash invested as possible.

Minimal liability, you pay an HOA fee and most everything is taken care of for you.

Additionally, the schools for this neighborhood are excellent.

Minimal liability, you pay an HOA fee and most everything is taken care of for you.

I do however, think that it would present a very unique opportunity for a buyer with children whom wants to relocate from the city (easy commute in) and perhaps have additional rental income, OR move the in-laws into the ADU.