Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.

If you sell your property, the tax basis (original cost) of the property for the giver becomes the tax basis for the recipient.

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

With running this "business" there will be operational input costs.

I am in this camp myself, as I do this full time.I agree with your point about focusing on long-term sustainability rather than chasing maximum rental income at the cost of increased tenant turnover or property damage.

Is there an easy way to divide the basement up? Each side of the duplex has access to the basement but below everything is connected together and I want to make sure no side has access to each other. The way I can ima...

Is it common for developers to use subsidies to cover 100% of the construction costs without needing to obtaining debt or raising equity?

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.