. - Thanks for the detailed info!

I posted a video detailing the process before and after purchasing the home.

Hi All -A bill was recently passed to allow Accessory Dwelling Units (ADUs) (<900 SF) to be built by-right in single-family zoning districts.https://www.mass.gov/info-details/accessory-dwelling-unitsMy understanding is that you could buy a single family home and build an ADU on it and rent it out. 

You'll also want to prepare a personal financial statement for each of the guarantors/owners of the entity, the entity documentation, 2-3 months worth of bank and brokerage statements for each guarantor and the entity itself, any plans, specs, etc for the property, information on your GC, and a detailed Scope of Work from your contractor along with the draw schedules they expect.

TenantClooud, landload customer service team:Many times, when you call TenantCloud's customer service, the representatives may not have detailed knowledge about the specific programs or features.

And get a detailed report on their letter-head. 

What are the details on your first investment? 

So find out actual details about requirements, loan limits, rates and fees first from a lender who actually offers it because it’s not worth it if you can’t find a property that still cash flows well after you take that loan out.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

Great time to explore ADU's considereing recent legislature: https://www.mass.gov/info-details/accessory-dwelling-unitsWould love to connect!