It's a game-changer where you can buy a $1,000,000 property with $35,000 down, you can build equity while keeping living costs low.2️⃣ Partnering Up:Real estate is a team sport.

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.

As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".

Quote from @Arshiya Taami: Quote from @Brandon Croucier: You have 600,000 problems.Bridge lenders (HML) Want low LTV (65% Max Typically). 

Could be legit, up to you on whether you want that low of interest rate for owner finance.

So I had a windfall and can sort of "semi retire" with a part time low stress job. 

I would highly recommend doing a renovation loan like the 203k or homestyle - you are able to leverage SO MUCH CASH for such a low down payment. 

In my experience, Section 8 tenants are low-quality.

People focus on the rates because they are a singular number and easy to understand but you can lose money on a rental at a low interest rate and get rich paying a high interest rate.

In normal times i would think selling is typically the smarter financial choice, but at the current time keeping may have a significant finance (due to low interest rate) advantage.Here is a list of why adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.