DSCR doesn't keep anyone ahead of any potential market dips, likely quite the opposite due to the pre-payment penalty's often associated therein.

Whichever it is, I don’t know about you but I’ll give that project a pass, even if I find the project attractive.Now, onto the second developer-related risk associated with any pre-construction purchase/investment.

Started building a team around 2014, retired from my W2 in 2015 and got licensed as an agent on a team. 5 years ago I started my own team and we are now top 1% in Milwaukee, I also host a YouTube channel about Milwaukee real estate and I am on the board or the rental property association of Wisconsin, responsible for marketing. 

The biggest obstacle here is not City zoning or ordinances (many have even addressed it yet) but the local Home Owners Associations who have put minimum restrictions on home sizes.  1000 sqft is one of the smallest, 1200 sqft is the average I've seen in my area.  

By way of example, I've expereinced instances where the design professional submits drawings and once approved by the municipality, a contractor must associate with the permit, in other instances the contractor must be listed on the orignial submission and in other cases the contractor is the one responsible for submiting the permit set and permit application.

Has anyone else in the associations raised the issue in any other unit?

“The problem is that in 1997, when the maximum exclusion levels were added to the tax code, they were not indexed to inflation,” says Evan Liddiard, CPA, director of federal tax policy for the National Association of REALTORS®.

@Zach AdamsTax benefits, such as depreciation and deductions for costs associated with rental halves of the property, are available to duplex owners through house hacking.

For our local laws as well as other resources (like blank forms for use) check out RHAWA - it's the Rental Housing Association of Washington.

It's clear that the inspector and you have established a very good rapport.The inspector then tells you that you did not comply with the local repair rules and you need to redo all the repairs.When you ask why he didn't disclose the local repair rules earlier when you first spoke with him, he again brings up how good your family, spouse, kids, dog and friends are.You are required to redo all the repairs and associated expenses because the inspector did not disclose these issues up front.