But in the hands of a con artist, you can fit a fake roof patch, handle facade siding, replace windows, patch a soffit, slop on a coat of paint much more easily on this sort of single-family dwelling rather than on a two-story structure that you'd need multiple extension ladders and ladder jacks to work on at the upper elevations.

Sorry to hear mate 🙏No shame in loosing.It's how you recover and pick yourself back up.If you don't, then that's a shameI have lost more than I can count and so have many others on this forum.Losses are part of business and life in general.Our time and energy comes at a price.The biggest price is the emotional one.I prefer learning from losses as much as possible and doing my best to not repeat the same mistakes.Also, not dwelling on it for long and not living in the past to avoid further emotional drag and doubt about moving forward.Personally, I also don't get involved in lawsuits or collections and consider every loss as my own fault.Moving forward smarter and more experienced.Moving forward and doing my best to make more than what I have lost.I hope that helps and God Bless  yup 08 to 2011 I lost 10 million in equity.. and had to start over in 2012..

If you build an ADU  and you want to rent it, the guide mentions that you can only do it if it’s a single family dwelling .

It seems often that people will dwell on books, articles, podcasts and other sources and really just need a bit of personal motivation by peers to get out there and take that risk to start gaining those Street Smarts. 

Santarelli,Does your company have any multi-family dwellings available for this program you offer, or is it all SFR?

Your insurance is going to be highly variable and I wouldn't use what an agent or the seller tells you as the cost of dwelling policies have increased substantially over the past few years due to rising new construction costs. 

@Ed Ventura, if the property is not zoned as multi-family and has several dwellings on the property, it likely will not qualify for an FHA loan. 

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

The floor area is to be calculated on the basis of total dwelling unit area.Thank you for making some excellent items to consider going forward.

@Steven D.,Well