It has been my life's mission to build my own duplex, house hack it & use it to catalyze the BRRR cycle.As I get closer to breaking ground on the project, I'm still not 100% confident in it's feasibility due to the costs of land & construction considering it is mandatory to secure an appraisal 20% above build & land cost. 

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.

Quote from @James Miller: Quote from @Chris Seveney: Quote from @Stuart Udis: @Ryan Blake These investments can be secured, or at least better secured if papered correctly.

I’m open to paying the $20K to bring the mortgage current, but I want to ensure my position is protected.If the deal falls through, how can I secure my $20K so I’m not left out of pocket?

It's in high demand so we booked in 2022 to secure our dates.

Loan interest is deductible based on it's use-not the asset securing it. 

I’m curious, what’s been the biggest hurdle for you when it comes to securing funding for your real estate projects?

They are your best option, because when you have tenant turnover, at least you will still have income from the other units.

If the income requirements are met, credit looks good, and employment history ( at least 6 months +) at the same job, move forward with the applicant and request additional deposit.That's an old eviction IMO.I have a current tenant that I leased to with low 500 credit.

I am a big fan of getting rid of consumer debt as it puts a constraint on your income and savings.