You probably know Salt lake pretty well-playing football up there!

We have some of the most restrictive regulations around on vacation rentals but done right, I believe there is a huge potential to play to the new rules and win big!

In CA, new assembly bills just passed which made it legal to rent both the main house and the ADU, made the ADU permit process have to be completed in 60 days or less, granted single family zoned properties to be able to build not 1 but 2 ADU units and also allowed multi family zoned properties to also be able to add an ADU (which was previously not allowed in CA). so I suggest you check with your local building and safety department to see what you can and can’t do.One play, as a suggestion, and if legal in your area, would be to buy a property and add the ADU unit to create more equity and cash flow.

There are a lot of variables and combinations that may play into it but again as I said everything is negotiable.

Is it better to pay 20% down and save $10,000 for my next one , as I am planning to buy one more in this year or make 25% down.I dont have $10,000 handy but i can get the money close to my closing date.I am thinking if i have to squeeze my self or play it safe by paying more interest rate, Amortization is coming close to $10,000 of interest and an other $10,000 in principle over period of 15 years if i am planning to pay 20% for 15 years.Please suggest.Thanks

I agree with Joseph...it's time to start playing hardball!

@Nick Weston - A house hack may be a good play as housing is ordinarily a fixed expense with the IRS giving favorable treatment to the gain on the sale of one's principal residence, exempting that amount up to $250k if you are single and $500k if married provided you have owned the property for 2 years at the time of sale. 

I do have another rental so I played with the idea of using that rentals cash as well to pay it off faster. 

The more I learn about RE the more leveraging your money seems to come into play and trying to minimize your initial investment and even pull money out to do more deals makes sense.At my RE meetups it seems like creative financing is really how all the pros do deals.

Odd things come into play like fire truck access for emergencies, cable and electrical right of ways, drainage and wetlands.