It's true, the ADU would generate good returns and also improve my lifestyle at home (a place for my parents to live part time as well). 

My goal is an STR so I am going into purchase with that mindset. 

That’s something I’ve been reminding myself lately — that I’ll probably learn more from actually doing than from trying to find the perfect deal.It’s awesome to hear your daughter bought her first home at 18 and is already house hacking — that’s the kind of long-term mindset I want to pass down to my own kids someday.I’m focused right now on out-of-state rentals in the $80K–$125K range, and I can definitely see how taking that first step, even if it’s not ideal, is what builds the momentum.

If you are still renting, shift to a househack mindset first to get the ball rolling.

The parents (or original owners) address is the same as the subject property.

Tired parents who will be happy not to lug all that stuff to the beach - they see that in a listing, and feel seen and head right to your "reserve now" button.  

Richmond has solid fundamentals for multi-unit development, and with your mindset, you’re setting yourself up for real growth.

This business takes skin in the game, experience, and realistic expectations.What’s going on with this mindset?

It’s a great way to get your feet wet and start building that investor mindset.

I also help my parents manage two STRs that they own.