Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

We lend up to 85% of the build costs but, generally, require that our borrowers have some experience with ground-up construction. 

You left without notice, you abandoned the property and left it in a condition which required repair and we notified you of this and you refused to come walk the property with us. 

The bay area has many old houses so be aware of what it will take to being them up to code and meet insurance requirements.

Some of your requirements come across harsh.

you can use hard money to buy a BRRRR - will still require a down payment - and then refinance. 

Turnkey might be a good starting point since it requires less hands-on work, though you'll typically pay market prices.

You can also take our a personal loan up to $50K that "does not" require a property or a lien. 

Another must have requirement is to have positive cash flow.

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines.