This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

Also when you are under contract and get condo docs, make sure to read the meeting minutes (for the past year if available) they will indicate if there are any talks of an upcoming special assessment (which you don't want).

On my property above I'm prep'ing to build a new unit...you could arguably say that changes the nature of the use...and it likely does.

I am having trouble figuring out what the revenue might be from this property. 

This year I made it a goal to purchase my first property and my hope is that with the help of this community, I can make that goal a reality.

You want to buy a $100k property. - You pay closing costs with cash- You need $100k in crypto as collateral- You get a mortgage on the property for $100k with a lien ON THE PROPERTY.

For properties under $300K, you can definitely find okay options in these areas.

When you do need an LLC is with MF properties or when you have partners.FNMA, FHLMC, FHA & VA all have due-on-sale clauses that may be triggered by transferring via a Quit Claim Deed (QCD) a property from your name to an LLC.

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property (expected sales price $3 million) that I could potentially convert to MTR.

I love this and do a similar exercise with our properties.