In terms of qualifying income, lenders will use 80% of business deposits and 100% of personal deposits and use your full W2 Income.

I am not familiar with New Port Richey as a city and it did not come up on any of my research as a target market ( I was thinking more in terms of Orlando/Jacksonville in FL).

Sprinkler systems are a pain to deal with, in terms of maintenance (inspections etc) and risk of flooding during winter freezes and tenants accidentally triggering them.

And if you wanted to finance upfront there are opportunities there still... you just have to know how to really do your number properly.There's a lot happening in the Detroit market in terms of investment and revitalization.

I wouldn't be a broker, you're already too broad in terms of asset classes.

You've gotten good advice here but one other thing to look into is what leverage you may have in terms of tying up the property if the seller does not release EM to you.

I've found that it can go either way in terms of what's better for the buyer vs. seller. 

Happy hunting Hey Tyler, im down in swfl as well, I’d love to see what you have in terms of small multi family properties as well as any flip properties. 

In terms of the math, let's look at return from rental income and return for equity:For each item, calculate a year's return, and there's your approximate ROIFor the ADU conversion: ($4000/month x 12 months)/$500,000 cost = $48,000/$500,000 = 9.6%That's before expenses, which will cut that number down by several points.

Great piece of advice in terms of reverse wholesale method!