Most of the recommendations I see on the forums, and other BP content suggest that new buyers like myself take advantage of low down payment loan products to get my foot in the door.

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

Find a partner if you have to to help get your foot in the door.

I ended up working with Acton ADU and I finally have their proposed designs for a backyard ADU of 664 square foot with two bedrooms, projected $500k.

Think I’ve settled on 7 to 8 spaces either at 12 or 10,000 square-foot building.

I've been quoted from $2000-$3000 for a 750 square-foot apartment ( that includes ceiling, trim, doors, walls).  

Many of our clients use this strategy to get their foot in the door.

WE can get numbers to work in Columbus Ohio but I don't think anywhere else in ohio unless it was a city school district within 2 miles of urban core and new construction is above $210 per square foot and even then we'd have to look at land cost because land is cheap in columbus. we are expanding now to florida since the numbers are even better. not the opposite. just my 2 cents. 

They will take the floor out down to the footing, rework all the drains in the building, install drain tile on the inside of the foundation that drains to a sump.

Thankfully I bought my condo when I did (late 2015) when interest rates were super low and the market was cool enough for me to afford to get my foot in the door.