By renting out one unit, I covered a significant portion of my mortgage, reducing my monthly housing expenses and easing financial pressure.2.

Check out this BP article on BRRRRs and how DSCRs come into play for the refi portion.

I am looking to put some sweat equity into a colleagues development portion of his business.

It has the tiniest sink virtually no cupboard space a toaster oven sized toaster/convection oven a small microwave and an electric skillet but no hotplate or stove type setup.

Assuming the 2 acres is 100% usable, I'd like to do buildings on one acre and outdoor RV/boat storage on the other acre.I've looked online at several companies that build storage buildings, but I don't know what size to ask for quotes on.Does anyone have software recommendations that can assist in planning and designing the layout of the facility?

S8 Challenges:1) Voucher holders not having funds for application fees or security deposits2) Tenants trashing properties, killing ROI3) Tenants not paying their portion of rent or utilities4) Tenants not cooperating with ongoing S8 requirements or inspectionsAlso, you stated in your initial post that you'd be buying turnkey rentals.

Understanding that SPECULATIVE investments should be only a PORTION of your total portfolio, and should only be money you can afford to lose.And what DOESN’T work1.

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

Talk to the city to see what is needed for a suite and then go through the check list.for tenants, I'm not sure I would have rented a basement suite to a family of 7-that's asking for trouble giving the size of the space.

This can significantly reduce your overall debt burden and improve your financial stability.Benefits:Debt Reduction: By paying off significant portions of your credit lines and settling your mortgage, you can substantially lower your debt.Improved Financial Standing: Restructuring your debts through this refinancing option can improve your credit score over time and enhance your financial outlook.Avoid Foreclosure: Settling your mortgage can help you avoid the negative impacts of foreclosure, providing you with an opportunity to retain your property.