Putting value add on top of that can be a great way to build a passive portfolio that doesn't drain your will to live.

Maybe you could find a smaller home with the ability to add on an ADU or garage conversion?

@Anthony Swain I’ll add one thing.

Also, you can seek an exception from most DSCR lenders and they get approved at a high rate, it will just come with an increased origination fee (usually .5% for exceptions) or a interest rate add on. 

Their policy changes including price increases, charging for every little thing as an "add-on", complicated GUI and the lack of fixes of known problems (posted by their "community" on a Facebook Group), and super slow ACH deposits (which take 10+ days!)

We have supplemented our income with plenty of add on packages, local partnerships (jet ski/boat rentals, breweries, restaurants, etc)

.: Quote from @Jonathan Greene: Quote from @Bruce Woodruff: Just to add on so - that new investors understand our frustration that @Jonathan Greene talks about...Within the past few months, I have reached out via PM to at least 2 parties that were looking for a mentor.

A lot of other novice rental owners, hire the cheapest PMC and then get ripped off with add-on charges or just poor service.What do you define as, "special situations only"?

The answer is to put an add on Zillow, Craigslist, or anywhere else, where you can see what the market is. 

The city has made ADUs very easy to permit if it’s your primary but I don’t believe an investor would be able to add one with a separate meter.