First time Investor looking to househack 2-4 unti

[Louie Mikros]

Greetings to all. I am looking to house hack in small multi 2-4 unit. I currently moved into a room from a 1 bedroom apartment just to cut expenses which was a huge sacrifice but surely important! I have already been pre-approved and have lenders. I am also looking to use the 203k loan if needed in a property that has add-in value which im seeing is the majority of multis here. The reason why i am posting is because i know i need to start networking & opening some doors & hoping to connect with anyone who has connections to off-market deals or even any advice. As i see we all start somewhere. Any feedback would be greatly appreciated & thank you for taking the time to read !

[Estrella Carolina Mckinney]

@Peter Mitchell yes of course. look into these 2 things.  

1)...... in short this is a quick way, $370 charge or so with the city very very very easy to do, takes about 10 business days to hear back from them. Don't spend this money if you are not within these regs.   and from my understanding even if you have R-6 this can be done

.   The subject property was located within the original 36 square

miles of the City of San Antonio and was zoned “B” Residence District. Under the 2001 Unified Development
Code, established by Ordinance 93881, dated May 03, 2001, the property zoned “B” Residence District
converted to the current “R-4” Residential Single-Family District.
The subject property is permitted a Duplex by Section 35-D101(j) Duplexes in former 1938 "B"
Zoning District. Notwithstanding any provision of this chapter to the contrary, two-family (duplex)
residences are a permitted use for any tract or parcel zoned under the 1938 districts as "B" prior to
the adoption date of this chapter so long as such tract is in the same configuration and so long as
such tract is not the subject of rezoning in accordance with the provisions of this chapter and
remains with the 2001 "R-4" zoning district. Pursuant to this subsection, two-family residences may
be developed in accordance with the dimensional standards of table 310-1 and section 35-516
except as otherwise provided below:
(1) Minimum front setback of twenty (20) feet.
(2) Minimum side setback of five (5) feet.
(3) Minimum rear setback of twenty (20) percent of the lot depth or twenty (20) feet, whichever is
less.
(4) Minimum lot size of six thousand (6,000) square feet.

2).... All single homes homesteads, you can have an ADU so this can be an easy way to get the extra address and extra income. research these 2 ways and if you have any further questions post them here and I will look into them.

REQUIREMENTS

The City of San Antonio has recently amended the Affordable Housing Initiative to provide quality affordable housing to all citizens regardless of income level. Accessory dwelling units (ADUs) have become a source of income to help families remain in their homes while providing affordable housing to elderly, single-person households, and students.

The following requirements must be met for an ADU:

Owner Occupancy	Owner must reside at the main house or in the ADU Properties where owner does not live on site must be rezoned to allow more than one dwelling unit
Permitted Zoning Districts	R-1, R-2, R-3, R-4, R-5, R-6, RM-4, RM-5, RM-6 and in multi-family districts up to a total of five (5) units
Size	Up to 800 square feet or 50% of the size of main house (whichever is larger) Cannot exceed 1,600 square feet All properties, regardless of main home size, can have an ADU of at least 800 square feet Applies to attached and detached ADUs
Bedrooms	No limit on number of bedrooms
Utilities	Can have separate utilities (meters) or can share meter with main house
Height	Detached ADUs = 2 stories and 25 feet in height Attached ADUs = must comply with height limit restrictions for the underlying zoning district
Setbacks	Detached ADUs = may be located 3 feet from side and rear property lines Cannot have an eave overhang Must be fire rated To avoid above measures, setbacks from side and rear property lines must be 5 feet
Parking	Only ADUs over 800 square feet require a dedicated off-street parking space

Happy to Help :). and remember unlike many counties or cities San Antonio has an amazing city staff, they are very friendly and you can always do a walk in to ask questions. But do your research first so you know what questions to ask.   

I found they have these Incentives since as you know they fees can quickly add up. As a builder myself I can tell you they are a lot, unlike small counties (without impact fees AKA Canyon Lake, where i live to build my homes) San Antonio has major ones so take advantage where you can. 

INCENTIVES

Construction of an ADU may qualify for waiver of:

• City development and permitting fees, and
• SAWS water and wastewater impact fees

To qualify:

• Either primary unit or ADU must be reserved for a household earning at or below 80% AMI, and
• Rent may not exceed 30% of household's monthly income. This restriction must remain in place for 5 years after issuance of a Certificate of Occupancy.