I really think this strategy can work for anyone and can really help launch you off into the direction you want to go with real estate wether that be cash out refinance, HELOC, another FHA, conventional, BRRRR, large multi family , single family, arbitrage , STR, MTR, LTR etc.. 

In order to get power ran back to our house, we had to get a structural report/sign off from an engineer.

It might be worth a try, it is far superior to Kilz as a stain blocker. 

On the flip side, I could charge everyone "retail" rents and get retail, one-off clients (tenants) who will cost me a higher % in comparison to the % increase in income, leaving me with a lower net.Businesses are about building and maintaining relationships that are beneficial to both parties.

Im knocking the dust off this old post.

However, he wants to be off the loan within two years of purchase.

I started off with a few house hacks before I did a BRRRR here in Columbus, Ohio

And while that is a worthwhile goal, it ignores that fact that, even without cashflow, investing in a vacation rental will likely beat the pants off of your IRA contribution, which oh, by the way, isn't "cash flowing" either.Let's do a comparison:With your IRA, assume you are 45 years old, have $100,000 in it, and are committed to contributing $12,000 per year for the next 15 years.

Since you have a good credit score, I agree that you are probably going to be better off using 5% down than working with FHA.

ADUs in SRH areas typically get valuations far below the hands off ADU addition cost.