I moved to Knoxville and was looking for a house hack.

He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.

(I'd still be putting aside the 15% as if it were fully rented because of Murphy's law) I'd have to live there a year, then move (another duplex?)

It was intended to be a gift for my mother, who for various reasons ended up not moving in, and I sold it in 2023 - 13 months later - for a substantial profit.

I moved to Knoxville and was looking for a house hack.

I am actually moving out of my house this weekend, then I was planning to do a long term rental but maybe STR would be more cash flow?

After moving out I was able to cashflow ~$1,000/month but ended up refinancing and getting all my money out of it, still cash-flowing $450/month, and using the money to buy me another rental property.

Some loan options are:If you're looking to buy a property that's not move-in ready: You can get a fix and flip loan for an investment property with up to 90% of the purchase price and 100% of the rehab budget with up to 75% of the ARV.

After moving out I was able to cashflow ~$1,000 a month but ended up refinancing and getting all my money out of it.

I plan on using a property management company in order to keep the property in order until I move (eventually I want to bring property managers under my own business entity to focus only on my properties).