You've left it to us to assume that you are charging under market rent which doesn't cover your costs. 1) Once you've figured out what you could be charging the public, knock a little off for a friends/family discount and present them with legal leases.

You might need to build that skillset to show those family/friends you are able to do it.

Investment Info:Single-family residence wholesale investment.

Investment Info:Single-family residence fix & flip investment.

Closing on the duplex first and then finding a single-family rental works well. 

I wrote a letter to all my family and friends to let them know what I was doing.

., from flips to long-term holds, or from multifamily to single-family)? 

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

This provision, through the Affordable Homes Act, make ADUs legal BY RIGHT in any single family zoned property in the state.

Quote from @Duane Williams: We’re a family-owned fix-and-flip company operating in San Antonio, TX, and Northern Virginia, managing everything in-house—from wholesale acquisitions to rehab & construction (with our own project managers and crews) to listing & selling through our licensed brokerage.