All this profit is obviously tax free after depreciation. 

Short of consulting with a lawyer or such thought we'd see what you all have to say about it.

She's got a lot of YouTube videos about midterm rentals and does consulting with new MTR buyers. 

I read that Texans voted for a bill that would significantly reduce property taxes.When does this go into affect?Also, my insurance has gone way up, so if anyone can recommend an insurance broker, I'd appreciate it. T...

However, what you are presented with is a loan for 66K that has 4.5 points AND another 4.8 points for "consulting, and broker fees" so that your total costs between origination, consulting and broker fees is 6170 or 9.3 points.

Look for areas you can invest with population and job growth that are also landlord friendly, tax friendly, and have positive cashflow.

You should consult an attorney to determine whether you can exclude applicants with a criminal history, even sex offenders in your area.

I wouldn't be the owner since my parents own the home and the lot that it sits on.That being said, is there any chance that I could still get tax deductions for building this ADU?

I do keep larger multifamily in separate LLC.To do one LLC I have multiple bank accounts (taxes, rent deposits,  operating and reserves),  seperate credit card, tax ID, tax filing, property management login, and email. 

It has 2 bedrooms upstairs and an unfinished 1090 sq ft basement (house itself is 1250 sq ft) No inheritance tax and I’ve been living here now for a few months.