A quad plex is still a residential property so easy to qualify for if your living in one unit for a couple of years.

I know a few dentists and family medicine physicians with stay home spouses who qualify for REPS, which gave them significant tax benefits.

The Section 179 deduction allows you to deduct the full purchase price of qualifying equipment or property in the year it’s placed in service, rather than depreciating it over 27.5 years.

This conversation would need drywall + 1 door min (not sure if a closet is also need to qualify as bedroom). 

I think pre-approval letter is all that’s needed to prove you are a qualified buyer.They probably want info such as, are you married with kids, how many bedrooms you looking for etc.

These could lower utility costs over time, and you may qualify for rebates or tax incentives.Add Value to the Property→ Consider adding small improvements or amenities that justify increasing rent without losing tenants.

If you make nice units you have a strong shot at well qualified candidates.

SECU is easier to qualify for with lower scores, but comes with a 1% origination fee.

Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.

Lenders can use legal ADUs to help qualify for the mortgage, so people that didn't even want to house hack before, may be in the market to do so simply to afford the type of house they want.