If you barely have income enough to rent, even with a house hack you don't sound like you have the resources to cope when things don't go well.

While the project was successful, we faced challenges in managing timelines and budgets, highlighting the need for flexibility and proactive problem-solving.

Lets face it, the real risk is the principle anyways so protecting that is most important.I also have no early payment penalties and often, the ability for the investor to roll into the next deal allowing their capital to be constantly working for them.All loan docs should include the interest rates, loan terms, and payment schedules. 

I reached out to an ADU company in the Sac area last year and was quoted north of $150k to convert a garage with was barely over 300 square feet.

Needs and Wants:What are some common needs and wants that rent-by-the-room tenants face?

At least I’m assigning contracts right in front of people’s faces.

-If the person dies later than expected, I face a financial loss. 

It’s not my issue if their attorney doesn’t ask for a POF and let’s face it a POf really means nothing these days.

Those that perhaps like interacting with faceless agents at a call center and don't want to interact with an agent face to face. 

It's important to address any concerns promptly and to be flexible and understanding when borrowers face challenges.