Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.

Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.

It's technically not an ADU if it's the only property on land as it's an accessory dwelling unit to a main unit.

I realized we would not get the same valuation as the main home but at $130k for 440sq ft I did not realize we could be in a negative equity position.  

Rent controls will be a real issue if you are planning it as a rental investment which in fact reduce the value of the main house as a rental.

Magnolia has changed the face of Waco and is now the main attracting force for people to move here and businesses to come here.

I have 4 long term rentals in my portfolio and I am mainly focusing on investing in single family homes in Traid, NC. 

The main issue with rental basement is water if it has water issue usually it is a simple fix .Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

For me, I wanted to portray my real estate investments as more professional and that was the main reason I switched to using landlord software for rent collections. 

When networking on BP or in person, being clear about your goals will make a big difference.Are you mainly interested in finding rental properties, connecting with other landlords, or exploring specific asset types?