Originally posted by @David Miller:@Hai Loci'm contemplating something similar; i can get 80% LTV. i bring in a cash partner for the downpayment on an investment property we turn into a vacation rental.let's say the pp is 100k.1. partner puts in 20k (and has this as lien on mortgage)2. i manage the vacation rental over the summer.3. we split cash flow (with property management fee considered).4. then we split equity  .is this essentially what you're outlining above?

If you don't see these items, then this is the origin of your problem.

C class renovations are of less quality than a B  ( The  cheap Lowes Commodes vs a decent American Standard for example) and in many Indy areas the C class homes we always a C class area and the original home was built cheaply.

I also found out later, that some women that were successful quickly, had perceived value- or were friends of the admin staff were allowed to remain in the original facebook group even after their year was up. 

In fact, I just originated a loan with a loan officer at the 4th bank in which we've originated loans together & now originate $8M loans with bankers who originated $80K loans for me when I started.

@Megha MathurYou can find DSCR without a prepayment penalty but you would pay a higher origination fee and rate.

So I amend my original response that the 150’ max expansion applies for a JADU or an ADU built into existing structure that does not meet the ADU setback requirements.  

Originally posted by @Jami Kloet:@Jill F.

Original price is 375k and I'm getting it for around 310k.Would appreciate any help here as I am investing out of state, though will be house hacking and living in the home for a bit.

I heard of them first from their YouTube series where they collaborated with BP to assist an OOS invest in a rental property sight unseen.