I would encourage you to do a deeper dig on the financials and take your own skill inventory in making this important wealth impacting decision.  

The impact of not having F/f financing is large (>10%) if the appraiser recognizes this potential issue.  

FL can't do a dang thing to stop a hurricane, but they at least try to put in place mitigation items to lesson impact. 

Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.

DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

I've been very slowly investing over the last 5 years, and I cannot tell you how much of an impact this book had on me when I read it last September.

Quote from @Michael Smythe: @Zachary YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We've been head down for 5 years getting started with this portfolio, just starting to become an evangelist for sober living now that there's some proof in our business that it's impactful and profitable.

This decision will also be impacted by your interest rate.

BOI reporting won’t impact that.