Duplex have different zoning that may permit additional units.

They are way too guest centric and often leave owners hanging.VRBO and AirBNB should be all you use in addition to looking at direct booking as well.You can rent an ozone machine which should take care of the smoke smell.

This is something we offer the tenant if they want to elect to use the service for an additional fee.

However, an old dirt access road behind the property was recently paved and has some new townhomes along it, leaving me with an interesting opportunity for additional cash flow.

Using 50% rule with ADU addition completely financed, using the lower range of rent range (when I underwrite I always use the conservative point of any range), I show the cash flow is $0 at $225k cost of ADU addition.  

Truth is that when I seek a rental of less than 30 days I expect to pay the highest rate; 30 days I’m expecting a SIGNIFICANT discount; 90 days an additional discount; 6 months a rate closer to a 12 month furnished rental lease with a small upcharge.  

Our REI goals right now are to: a.) buffer our FI number (3x-4x) through additional LTR income; b.) find and rehab our dream home.My wife and I are looking at expanding our portfolio by purchasing additional LTRs and our greatest deficit right now is knowing what our financing options are and what our financing strategy should be.

I'd personally pay the money for an asset of that size.Youll want to make sure that you're able to use the additional depreciation that will generate losses.

I also have current investment opportunities that can pay up to 6-9% return a year - payments monthly & a lot of additional securities to protect one’s investments (can utilize regular money or self directed IRA/401k options).I am also looking to help more people with attaining home ownership, obtaining commercial/private financing or investing.

Angel, if you are new to investing, in addition to asking questions here, I would recommend joining a local REIA group.