We’re developing onto an existing residential property through the addition of an ADU we plan to rent medium term.

Increase in family size:A Borrower may be eligible for another house with an FHA-insured Mortgage if the Borrower provides satisfactory evidence that: • the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; and • the Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.

Just make sure to properly allocate the purchase price between the rental and residential portions and keep clear records.

Consider paying down the high-interest debt strategically if it outweighs the potential returns from new investments.Additionally, understanding Real Estate Professional Status (REPS) and Short-Term Rental (STR) tax savings can significantly reduce your tax bill while building your portfolio, enhancing your overall financial strategy.

I already own an LLC (residential contractor) and understand the liability benefits of running this deal through the LLC.I'm only asking about the differences from a business perspective (taxes, showing the income as business income vs. individual income, etc.). 

Oftentimes there is a due on sale clause in residential mortgages that triggers if you transfer it to another entity.

I've typically made contacts with brokers as the primary source, but also found some 5-15 unit deals on the MLS via my residential agent.

My MLS system (FLEXMLS) allows us to set the criteria first by Residential, Commercial, Land, Residential Income. 

She worked for a residential broker for a year but in transactions not as an agent.

I have a 3 or 4 bedroom that I would like to rent/lease to an Adult Group Home or Residential Assisted Living .