Although that would be looked down upon by a lender as well because of the inherent risk of lending to someone who has too much on their plate. 

STRs work best in tourist-heavy areas with high demand, while LTRs perform well in markets with stable economies and diverse job opportunities.

That’s IF the lender decides NOT to pursue a strategy of bankrupting the borrower by filing a ton of paperwork, motions, requests for information, etc.  

It’s my first deal so I was kind of worried about it, but I feel more confident now about how to move forward with this property, as well as any future properties. 

I’m actually looking into an ADU as well with him. 

However, the 0% interest only lasts for about 12-15 months but definitely more than enough time to complete the brrrr cycle twice or maybe three times in your case since you're a contractor as well!

This is extremely unfortunate and I think the name does not match their product, but there will be many others out there that do the same - so what can we take and learn from this as well?

The information contained in this post is not to be relied upon.

If those things don't go well, it doesn't matter how great your deal is.

I've been burned renting to friends, leasing rentals to friends doesnt end well.