@Daniel Vo Understood.

Your cousin should contact the lender to discuss his options.If he rents it out, he must report rental income and expenses (e.g., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Quote from @Jemini Leckie: Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend.

Quote from @Ryan Cousins: Quote from @Joe Villeneuve: None of what you mentioned answers your question. 

I've helped my cousin acquire two investment properties in Augusta, so while I can't claim to be an expert, I can share some insights.

Quote from @Michael Daniel: I could be wrong, but I don't think the economy supports those numbers.

Welcome to BiggerPockets Daniel and good luck investing!

Also, I'd add that any second position debt, preferred equity, or their brother's, sister's or cousins in any shape or form are at #2 on this list, in really any asset class. 

Hello @Daniel Summer,The Memphis market has a solid MHA/Sec 8 rental.

Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much.