Keep in mind that the cost of borrowing $100k more is in the neighborhood of $500/month and your neighborhoods, parking and size of the property and building change as well which changes the $$$$ you can make.

Hi there, I will be house hacking this month, and wanted to get some input on the best, and most user friendly tenant screening apps.

But, if you are investing in solid C class and above, as long as you are screening properly and doing your job as an owner in giving people a good place to live, making repairs, etc, people generally take care of a house. 

I would also coordinate with property manager to start screening candidates if possible (I am not sure if that is allowed, but I would check with my PM). 

((Best)) way I can think of is have some money to invest and partner with a more experienced developer who is doing what you want to do.Come in as a Jr. type partner in the deal, and work full time at it--learning.By Jr. type partner I mean you are not calling the shots, but are in on all meetings and all aspects of the project.After a few deals maybe you want to go it on your own, or maybe just keep on partnering....A good partnership is a definite strength--but it depends on the person.I would say that is the (BEST) way to learn a particular development type.If you lack meaningful money try befriending a few developers and just talk shop as well as friendship things, and see what turns up.But to be a developer you will need to have a good sized chunk of change to risk (possibly losing) to do a deal.Good Luck!

The best way to prevent horror stories is by being extremely diligent when it comes to tenant screening!

I noticed that your screen name did not give a location.

Basically, the name of the game when you start out is to pick a market that makes sense in terms of population size & growth, job growth, demand for housing, and prices within your budget.

The bigger the ADU size, the lower the cost per square foot. 

@Jacob VosWinkel  $2,500/mo could either be a lot or not so much depending on the size of the facility and the acquisition price.