Agents and lenders I've spoken with have mentioned the possibility of a 203K loan, but my understanding is that they are a huge PITA and slow. 

And then there are others that are just pump and dump due diligence schemes.. now when i googled this company their web page came up .. but there is also complaints and a rip off report link.. so i would read all that stuff first.. take it with a grain of salt.then look deep within and ask yourself if with your business acumen and 2 to 3 years of tax returns.. and your fico and your cash reserves can you do a 1 plus deal.

Slow and steady wins the race.

@MARK S KINGYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

In fact, the last job I had was very slow at times so that gave me time to work on the RE analysis and managing the properties I already had.

I got deep into loan types and rules and became a lender =) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

She will tell you anything you want to hear and is not a reliable source of information.Personally, I would dig really, really deep or (my more likely choice) deny the application.

I just made the best decisions I could make at the time I let my group of investors know that the project was going to extend as we wanted to slow down and let prices come up better to have the project go a little long that to build another batch of homes and have them sit and paying debt service. 90% of my homes have closed within 10 days of CO and I have given no more than 5 or 6 credits for interest rate buy downs.

Her deep knowledge of the market allowed me to identify properties that were not only viable but held substantial equity potential.