I own one half, 3 bed 3 bath, and I’m currently living in and renovating it with plans to rent down the line.

I’m Mike Rutherford, CFO of a real estate company focused on development, general contracting, and property management.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Obviously, we need to focus on who we elect into office and fight for the rights on zoning, even though you get negative feedback for density and ADUs.

They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

I keep seeing LendingOne on Facebook and Google, but they require appraisals.

The experience varies based on location, tenant management, and financing, but overall, it’s an excellent way to get started with minimal upfront costs.Good luck!

If you don't have MLS access it's tough to find actual rented data, however you can use apartments.com to see active listings and gauge rent comps by days on market.

Some areas have restrictions on short-term rentals or even renting out part of an owner-occupied home.

The dirt is worth about 450k because of the amount of units you can put on it.