They require almost zero labor and don’t care if you breaker box is full or at it’s amperage limit.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

I recently just added her to my credit so she can get a little boost in her score to help more with the process and yes with the low down payment I don't expect to live rent free but one can dream for now all I care about is owning the property cashflow will come later.

You may have to do month-to-month leases.Regarding the basement, most cities really don't care if the homeowner chooses to live in the basement.

With your goals in mind, here are some thoughts on each approach to help you decide what might work best for your situation:BRRRR Strategy: The BRRR (Buy, Rehab, Rent, Refinance, Repeat) method can accelerate portfolio growth, but it does require strong contractor connections and careful planning.

Be very careful about assuming you'll be able to do a mortgage recast.

You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

this is mission impossible.. although you might have some fake lenders approach you looking to steal up front money from you.. so be careful. 

Here’s some insight based on my experience:Question A:Since you live in California, it’s important to know that California doesn’t care where your property is located.