using a DSCR loan is the most convenient way .

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you prioritize immediate use, convenience, and potentially lower upfront costs, buying a house with an existing ADU might be more cost-effective.

When it came time to sign the management contract I read the contract and was surprised to see all the extra fees charged in addition to the "$99 flat fee" that was pitched to me. $199 start up fee, $350 fee to write a lease. 1 months rent ($2500) to find a new tennant. $350 to renew and existing lease.

For this reason even real estate lawyers use agent representation here in my experience (I’ve helped a few and was surprised how little they knew about negotiating, transactions, the sales process etc. real estate on the “street level” despite being lawyers and seasoned investors). 

When the pandemic hit and the visiting scholars had to back out of their leases, I slashed the rents and advertised on Furnished Finder but my units are not particularly conveniently located near hospitals and the area hotels were offering to house visiting nurses for tax write offs.

What’s really surprising (or maybe not) is that many mortgage brokers ask us if we can use a BPO instead of an appraisal (on commercial property!)

Any surprises during the project?

I'm surprised anyone still sources through service magic...I mean home advisor...no wait Angi.

On point #4 I was surprised by this article I read today about older workers in the work force.https://www.seattletimes.com/explore/careers/older-workers-a...