You'll want to do due diligence on the more expensive fixes such as foundation, structure, electrical systems, etc.

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

The property also needs Foundation drip zone installation.

STRA is at it's foundation simply a lease with rights to sub-let.

Get a local vantage point with local relationships, otherwise you'll be one of the MANY investors that stay for awhile but sell / exit quickly because they didn't build a strong foundation...My two cents! 

If you can, go several times, so you can watch it happen from the foundation all the way up.If you live close to a store like Home Depot or Lowe's, sometimes they have free classes on "how to install a ceiling fan" or "how to paint". 

The foundation has cracks and the driveway needs to be redone.

11DefineConsult an interior designer12PlanCreate project plan (timelines, key dates, who to contact)13PlanCreate budget and brainstorm financing options14PlanSecure financing15BuildGet permits and licenseses16BuildGet water/electricity/power hookups set up17BuildPrepare for build (e.g. lay foundation)18BuildBuy structure19BuildBuild and remodel structure (insulation, electric, siding, etc.)20BuildBuild out interior design (e.g. paint, decorate, etc.) and buy appliances/decor21BuildBuild out lawn and landscape22BuildFinalize the exterior of the building (e.g. paint and fixtures)23MarketTake photos24MarketCreate listing25MarketCreate websiteThanks!

I do have a rental but my probable foundation issue(s) are with my primary residence, which I had considered house hacking.

To get a solid foundation for myself I'd like to buy at least 1 property to house hack in Colorado each year with a 5% down payment for the next 2-3 years.