Updated almost 3 years ago on .
Living in an ADU
Hello BP Community!
I'm look at purchasing a property that has an ADU. Wanted to hear your opinion on me living in the ADU while renting out the main home to a long term tenant. The total expenses for the main home come out to ~$4000/mo, and I can rent it out for ~$3,500/mo. My goal is to simply mitigate my living expenses, not looking to cash flow right now.
The ADU is a separate home that is 30 feet away from the main home in the backyard. I can imagine that some perspective tenants might scratch their head if they find out I'll be living in the backyard.
Any potential landmines that I should consider before putting in an offer? Has anyone done this before?
Appreciate any feedback/opinions that you have!