tough one.. generally you have a captain and then crew.where I have seen this work is through an earn in situation.

Rates tend to be 25 to 50 basis points above commercial (5+ unit) apartment building loans, and 50-100 basis points above residential (1-4 unit) loans.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

Some situations where they (the projects) do not go the way of making the profit as you wanted, but there are still deals out there to be had.. 

Perhaps check with a local attorney before proceeding.I realise I left some stuff out in the beginning, but the whole situation in general is just pretty wild.

The only way for you to understand the situation and evaluate your options is to ask a lot of questions.  

I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

Hi Matt, Good luck on your remodel project, I'm going to second John on this one and recommend less is better in this situation.

One powerful tool that can help investors secure better loan terms is asset utilization—especially when the DSCR (Debt-Service Coverage Ratio) is under 1.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.

Any referrals or recommendations for good and qualified brokers, sellers, property management companies, loan brokers, insurance brokers, mortgage brokers, contractors, etc.