Depending on your current rate or if the current loan is short term or long term.

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

It’s their home.

Hi Shayan,It definitely doesn't hurt to get another quote from a different GC for sanity check.DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I have a 3BR, 2BA, 1380 sq. ft. home in the Villas neighborhood of Ft Myers that I plan on short term renting via AirBnB. 

Called a realtor about a different multi-family home.

welcome to the community. are you looking to house hack your first home?

If you are getting a loan no there is no way to protect yourself from crushing your credit or having a foreclosure against you if you are the borrower.