Go in with your goals and see which is the best fit to achieve those!  

Then, see if that fits in with the design you want to achieve with your home.Different jurisdictions have different views towards ADUs.  

He helps a lot of people strategize on how to achieve financial independence and he's also in the Austin market!

But I’ve been wanting to start creating a business where I can purchase more properties and create affordable housing for my community while at the same time achieving financial freedom.

Areas you want to stay away from our Sulphur Springs which is where you find the best deals but probably not the best place to for yourself What I would ask is what are you trying to achieve with the house hack?

Memphis is a high rental demand area as most of the residents rent.There is a great chance to achieve the 1% rule here or close because if your property is worth $80,000 you can get it rented for $795- $8502.

It is all based on your goals, what do you want to achieve?

As well as any advice that could be given in helping me achieve this goal.

However a 1031 would let you take that equity and put it to down payments of other investments.I would just spend some time thinking and tossing ideas around to see what is the best for you long term and achieving those goals. 

- Provided that the rent is below the market, what improvements would you need to make to achieve that market rent?