Explore insurance options as well!

@Aaron Zimmerman Good point about structure set up and determining cost bases.

I wanted to get your take for the Bristol TN area.Thanks in advanceChris Your biggest issue would be having available options after a claim.

We’re based in Reno/Tahoe, so feel free to reach out if you’d ever want to chat. 

I’ll definitely make that a priority as I build my team.I also appreciate your point about using different contractors based on the scope of work.

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.

Even in HCOL areas, adding an ADU typically does not make sense because developing a single small unit is the most expensive residential development that exists.Adding an ADU is a lot of work (probably more than a brrrr but with worse return), has poor financing options, typically adds less value than the cost of the addition, and detracts something from the primary structure even if it is just yard and privacy.Good luck 

Would love to connect with you and explain our options to advance your projects forward!

Any one of us could give you our two cents on the math of it, but only you can decide if it makes sense based on what your specific goals are. personally, i paid points on my house because my goal was lowest possible monthly payment.