Quote from @Lexi Blocksom: I completed an annual inspection at my tenant's home recently, and found that he was subletting.

If a qualified nonprofit builds the ADU, it can be sold separately from the main home.

I'd need the interest rate to be roughly 5% to breakeven on an interest-only loan, and was considering a balloon payment in 5-7 years.

Conventional loan with a 20% down payment.

This deal included a a older home and a mobile home each with a separate septic tank and county water.

Through a hard money lender, but I will take out a DSCR loan in March to refinance.

Quote from @Henry Edeh: Hello everyone,I’m new to real estate and recently purchased my first home in Little Rock, Arkansas.

houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

•Homes that accommodate more guests (more beds, larger spaces) tend to perform better, but they may also experience slow seasons.

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants.