I grew up not too far from there and that is a very typical house, maybe minus the cat.

In the Netherlands, for example, banks typically offer refinancing options with a Loan to Value (LTV) of up to 80% in some cases, depending on the property and the borrower’s financial history.

Egress: Two methods of egress, typically a door and a window.Ceiling height: At least half of the room should have a ceiling height of 7 feet.

Plus for its high cash flow potential, utilizing a 1031 exchange to reinvest gains effectively made this experiment a relatively low risk for me.

The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.

New listing typically get artificially pushed to the top for a short period of time.

There are no utilities in place, no septic tank and no well. 

Typically lenders can lend up to 50% of what your gross income is.

Typically I’m seeing higher appreciation than cash flow but it can be hard to tap into that equity if rents won’t cover the new cost of the refinance.

@Rick Albert   I may get a lot of push back from the team but I split my utilities on my ADU the conventional way....each dwelling has its own meter for water, electric and gas.