To be clear, the area should sustain 85-100% occupancy for STR (like my friend sees with his units), as it is in high demand, and has a limited supply.

I am supplying the bank with my information for the HELOC; W2, tax information, pay stubs etc.

I'd be getting a killer deal on the fence due to having left over materials from another construction project at my parents property (they're letting me use their extra mat.) but it will still cost me at least $500 in extra lumber/supplies/labor but is it worth this? 

He's not capable of moving all that himself, and will just ignore the May 3rd date.Our current path is to just start the eviction process on May 6th.

You get a submeter installed just before the supply wire to the electric panel of the second dwelling .

Houston Real Estate Highlights in March Single-family home sales rose 4.9 percent year-over-year, with 7,072 units sold, marking the second consecutive month of positive sales;Days on Market (DOM) for single-family homes remained unchanged at 64;Total property sales increased 3.6 percent, with 8,475 units sold;Total dollar volume jumped 5.7 percent to $2.4 billion;The single-family home median price rose 2.1 percent to $240,000, achieving a March high;The single-family home average price was up 2.0 percent to a March high of $298,766;Single-family homes months of inventory was at a 3.9-months supply, up from 3.3 months last March and at its most plentiful level since October 2018.

As far as renovation, I am capable of handling most things myself and hiring someone more capable for everything else.So this bring me to my question:Has anyone else taken this route with their family?

Wow.This is what you do...Get a website.Make it credibleWork on SEO or hire someone really capable but seriously.. they need to be at least half as awesome as I am!

It is much needed supply, but how much is too much?

Now, watch closely as I do a 360 twist combo and buy/live for free in DFW Texas where duplexes are in short supply and high demand.