If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Honestly if you are never planning on moving back to the house (or the area), you are not going to cash flow especially after you add in insurance, repairs and maintenance (assuming property taxes are part of your mortgage).You have a friend willing to buy it off market-double check fair market value and sell it to them.My understanding is I would pay zero in Capital Gains because it was my primary residence and I lived there for over 2 years.

Litigation is expensive. and in this case sounds complicated..

Hi Jonathan Greene - I live in New Jersey and would like to eventually get into BRRRR.

Also want to name, I live in a STR permit approved area. 

I am 28 years old and currently live in Findlay, Ohio.

Keep your expenses as low as possible.

My brother's rental is a little over 1,000s sqft heated living area, so the ADU would only be permitted for 500 sqft in Winston-Salem, according to information I found online .One advantage of an ADU I believe would be the ability to hook up to the primary residence's utilities. 

Rental income can be used in various ways really but usually they want you to cash flow $1 after taking out their expense ratio from the gross rent. 

Hi Greg, when you say your primary home does that imply that you live in the home?