Or are you alluding to a 85% DSCR  refi, since I thought brokers who offer HELO's can provide 80% CLTV or am I mistaken and it's 75/70 CLTV depending on rate & cash we're looking for? 

It seems assumptions are being made so let me provide more context.

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.

They can provide valuable insights.Run the Numbers: Create detailed financial projections for each property you're considering.

Be currently employed and be able to provide 3 most recent months of past paystubs or other income documentation. 3.

Or, in Providence, RI they took the oldest indoor "mall" (Arcade) and converted the second and third floors to apartments.  

If so, invest.Then, ask yourself does this property provide the characteristics you need for it to give you your return-- location, rental demand, buying demand, physical structure, etc.

Any of these will leave you in a much better position for success, and provide a greater income while you learn.  

Establishing a separate entity, such as an LLC, for your rental property business could provide more flexibility in claiming deductions associated with business-related assets like vehicles.

Then they won't need an upfront payment for work they haven't provided yet.Also, get a signed contract, copy of the drivers license, contractor's license and be added to their liability insurance.