. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620. 

Ideally, no more than 5% over median and no lower than 15% under median.

I'm confused at to why some folks on here are saying that adding an ADU will lower my property value.

Is it lower risk than flipping, rehabbing, or owning a property leveraged at 65%+ LTV?

A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"

On the other hand, if you're working with a lower budget and cash flow is your priority, say under $180k, Cleveland is the place to look.

Others wont touch anything lower than $500 in cash flow.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

A smaller mortgage means lower overhead, which is crucial if you’re worried about vacancies.

The couple's current rent is similar to ours The sister is has no rental history due to a recent divorce.We're torn given 2 out of the 3 people have lower credit scores and it's not a family moving in.