Buying a MLS listing is probably a no go ,if you find a private sell or a similar way that would be the best way to purchase a property in todays climate.

I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.

I will charge a rent of $850 for the other 2 rooms and $1,100 for the basement (because it's more private with it's own bathroom).

You can also do this on a refinance.Else, you can find private money, take out a HELOC if you have a lot of equity, go hard money and then refinance after, or see if your preferred builder offers financing.

I’m new to BiggerPockets and I’m a private money lender.

It is never good to be the biggest or most expensive house in a neighborhood.

The contractor will be your biggest challenge.

From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

So property is private.

One of the biggest drug dealers in WA state history.