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Building a duplex on an exiting rental property
We own a single-family rental property with a spacious yard and an external garage that needs to be demolished. The property is financed through a loan. We are aware that the yard is large enough to accommodate additional dwellings according to local building codes.
We are seeking advice on whether there might be any issues with building additional dwellings given our current loan. Additionally, how should we go about finding this information?
Thank you in advance for your help. We are new to landlording and are trying to maximize the potential of the large, mostly unused yard.