Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

Outcome currently is a rented basement for $1,350 a month + $130 in utilities while I live in the upstairs unit.

I am a self-managing investor here in Buffalo, focusing on small multifamily with heavy value-add.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?

I don’t really have an interest in House hacking if long-term rates are $700 a month incl utilities for a bedroom. 

Pay your utilities out of this account, and after the month has ended, you can distribute your cash flow from this account to your reserve account and your personal checking account.

We screen heavy and have never not got paid.