It was already perfectly set up for it with almost all water hook-ups in place already (wet bars, previous basement kitchens, etc.) and I mainly just had to remodel and put a few exterior doors in place to separate areas.

As a first timer with good credit you may be able to get approved conventional with 3-5% down and have mortgage insurance until the loan to value reaches 80% .

They are allowed to not include 'complete' bathrooms or kitchens, instead sharing those with the main house.

Hey Shola, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

My LCOL city is one frequently targeted by out of state investors and the good finds are snatched up within 24 hours of listing.My cousin is a part time real estate agent.

I am currently a part time real estate agent.

I'm Jeff and this is my first time really taking the efforts to begin my passive investment journey.

Hey Kelvin, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Compare: how nice the kitchens & bathrooms are.

We mainly work on bathrooms and kitchens and restore what the restoration companies tear up when they mitigate water damage.