Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

Can IRS still see it as a part of primary dwelling unit and thus, consider it not eligible towards achieving REP status?

Quote from @Alan Asriants: Here is a note I found from Fannie mae: ADUs are not eligible with a 2-4 unit dwelling, or when a manufactured home is the primary residence.

R5 is a little confusing to me - "intended for low-medium density single-family detached residential development at an urban density of 5 dwelling units per acre".

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

It's even worse for landlords "The company is also asking for rate hikes of 38% for rental dwellings and 15% for tenants, with the rates taking effect May 1."

I'm sure every municipality will interpret the laws differently.65852.2(D) (iii) The accessory dwelling unit is either attached to, or located within the living area of the within,the proposed or existing primary dwelling or dwelling, including attached garages, storage areas orsimilar uses, or an accessory structure or detached from the proposed or existing primary dwellingand located on the same lot as the proposed or existing primary dwelling

@Scott Isbister Do you know if Calgary has finalized the ability to legalize secondary suites in attached dwellings.

They don’t dwell on one deal.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.