@Dan Powers is talking about LOT area, not necessarily unit area, so what he is saying is that in order for the LOT to have 3 units, the LOT needs to be at least 1080 sqft.

Utilities (only power paid by owner) - $120/Mo?

Hi BiggerPockets Family!
House hacking isn't just a strategy; it's a financial game-changer.  Have you considered how living in one unit and renting out the others can essentially let you live for free?
I'm fascinat...

@Yocheved BeerTypically noIt’s the power of purchase price or appraisal is what lenders go off of

My wife and I won't be able to afford a house on our own, much less one that will have an ADU for my dad, as he would most likely want some amount of privacy and freedom and not just a room in our house.

These forums are even more powerful because you'll connect with folks who are learning about and/or implementing the same things mentioned on the podcast.3 suggestions:1.

The BRRRR method is a powerful way to scale.

I highly recommend investing close to home because of the great Chicago Real Estate Investing.I love the book Mindset, The One Thing, The Power of Now -> all more mindset books but I believe in mindset first and then investing!

You should be able to get 20% down on 1-4 units not 30%, which would stretch your dollar further as far as purchasing power but the leverage will lower your cash flow.

Tyson was a brawler, awesome at powerfully fighting his way out of a corner and landing devastating blows.