Medford is the land of in-law suites and I'm assuming one of you are living in the property since your trying to put 3.5% down.

We inserted a partition wall in the large addition on the back of the property to create a master suite, and a family den.

I'd need to do a master suite addition to be certain of exit values around $500k but the home previously had a swimming pool and it was where the addition would be.

It is for a 3BD (including master suite overlooking a lake), 3Bath, nice neighborhood.I'm trying to figure out the wear and tear I can expect from different prospective clients like:- Teenagers- Children- Boys vs. girls- Old vs. young- Extended family (e.g. grandma, mom, daughter in the house)- Other?

We are looking into buying SFH's in Atlanta that have a basement, side 'apartment', and/or in-law suite as a creative way to generate rental income while owner occupying the property.

Home could easily rent for $3,000+.It is the next-to-last house on a quiet street, our lot is next to the home of the person who sold the development back in the 70s  and he kept 20 acres to himself -- so our home's backyard and to the side is 20 acres of woods and trails that won't be developedIn-ground swimming pool with a new pump and pool linerNew water heater, washer and dryer, and full-home water filtration system (all put in just before we moved in)Renovated kitchenExtremely unique "sunroom" that the first owner had custom-built with huge nearly floor-to-ceiling windows.

They are going to underestimate repair costs and over estimate ARV, because it suits their best interests. 

There is plenty of law on this.I agree that the auction process is not well suited to retail buyers expecting transparency, contingencies and other safety nets.

The guidelines are different for both types of loans, so I would suggest you speak with a few lenders to see which best suits you.If you do close in  your personal name and then transfer title to your LLC, you may very well violate the due on sale clause contained in your mortgage.

Easy to find suited properties, low vacancy, good rental rates and a decent sized population.Jason D.