I bought the main house as a fixer upper and forced a modest amount of equity prior to the construction of the ADU, I did not incur a negative equity position.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Good morning everyone, My name is Denny and I recently bought my first multi family property here in Bridgeport.

It typically covers the structure under construction, materials, and equipment on-site, in transit, or stored elsewhere.

He has bought 3 houses in a 18 months and is building a 10 plex which will net him about $250k in 9 month when he refinances it. 

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

Classic disaster which just tells us you bought too high.4.

I have recently bought a 2 bedroom single family in Cahokia.

But even still, SFH can be bought on rental income with DSCR loans and having an account come with the property would definitely increase the value and income generating potential. 

But if you bought your properties correctly, it will work out.