they could potentially get their own bedroom and bathroom.

I normally look to buy units at a 20-30% discount compared to the area and develop a business plan to create equity via forced apprecation, primarily on commercial properties (5+ unit multifamily).

The goal is to take down 5-20 million dollar deals; the next few years will be properties that will come to market at very prominent discount. 

I used my own money for these because, with these deep discounts, the seller wants to close quickly.Can anyone suggest how to find someone to be ready to finance similar properties?   

It is not really true because to get the same rate it will cost much more in upfront costs in either origination or discount fees, AND much higher back end fees in pre-payment penalties.

@Victor Latimer I would definitely build an ADU in the back yard but I wouldn’t build a 3 bedroom 2 bathroom home.

Now, not so much unless you are buying at deep discount and are getting materials and labor much cheaper than normal.

This is common practice of discount airlines.

North Texas is an optimal market for long-term growth, so unless you get a serious discount, I would go for a single-home over a duplex.

Hello Matthew, Feel free to read my reply to @Dan H. the rehab cost was set at 40k due to the significant discounted price of materials.