My partner never let a lead go until the timber was on the log truck if it was standing we were calling them..

How did these builds go?

. $200K property needs to rent at 1.5% for a minimum of $3K per month. half of that will go back into property expenses. 

I did it to get an answer, I didn't think I was actually going to be invited onto the podcast though. 

I would look at the DSCR loan as the first option.By the way, I suspect you are going to be disappointed by any refi appraisals   ADUs typically appraise poorly   JADUs can lower the property value Vs having the space as part of the primary unit.  

The initial plan was to do minor cosmetic things and bring the kitchen and bath up to date but not knowing this fact made our $5,000 budget go to $50k costing us the two year full rehab.

You can give them whatever notice is required by their existing lease to enter, go in or send your pm and take photos to use to compare for your records on move out.

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

Resist the temptation of a cheap property/market.It's also going to feel like you are not making any progress in the first year or two.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.