I own a house in rose park just west of downtown SLC that has a large mother in law addition on the back.

My mother had a lot of SFR's for years and taught me the lower end rentals are always in demand so the least rent I get is $650 and the average is $800 per month and I paid between $22,000 and $55,000 for the properties.  

In most markets, you cannot rent a $60k house for $1100/mo. There

@stevenwilson made a suggestion I agree with. that is how my mother started private lending 35 years ago, she lent to her younger siblings (bank then rates were higher, so she saved her siblings some money, but also put her money to work)

My wife's mother had owned the lots for 20 years and never did anything with them.

Mother in law unit is an option too but usually you have to share a floor/ceiling

Forget about your diet; it's time to indulge in some Southern comfort food.Cons:Weather Whiplash: Mother Nature in Tennessee can't make up her mind.

My mother died last year and left our summer cottage in a trust consisting of myself and 5 siblings.

I’ve been able to stay with family this entire time while taking care of my mother but since the situation has changed at home now, I’m wanting to take the next year to live by myself ahead of marriage. 

Mother-in-law suites/Multi-generational homes are sought after in this market.If you don't use a GC and get permits pulled and do it properly and when you go to do the "R(refinance) portion of your BRRR, they may not give enough value to it or not consider it at all.