And as time goes by, rents will increase and your income will look better and better.My first investment in 2004 made $35 more than the mortgage.

Do you have the funds to carry the payments if no one is renting it ? 

I am in contract for a duplex in Grandview where I plan to live in one side and rent out the other

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

ADU construction is not 1:1. meaning investing 250k into your property by ADU will likekly not increase your property value by 250k.

Quote from @Collin Hays: Yeah, the old Lorrie Morgan song.Several years ago, we had a party renting a very large cabin that wanted to cancel 5 days prior to arrival and get a refund. 

Purchase like so, use 401k loan to rehab, then rent and refinance is the plan that I am considering for my first property.

@Derrick Roland II Let's see, traffic noise, challenges backing out of your driveway, have to keep kids in backyard and off front sidewalks, big trucks passing by will shake the whole place, can't think of anything positive.All the negatives will reduce your max rent and make it harder/longer to find tenants.What's more important is understanding if the Neighborhood is Class C or D.

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

Why would you take your cash, and spend it on a property you don't need to spend it on, instead of using that cash to increase your properties,...and income.