Best thing to do is to call the local housing authority and they can explain some numbers for you and the process (assuming you can get ahold of them).You could always just post the numbers here or in the proper forum and double check it.Hey thanks for taking the time to call me out on my mistakes(IK THAT MIGHT SEEM SARCASTIC, ITS NOT)I did take into consideration cap ex, repairs, property management, debt services, taxes, and insurance.

I have two 3-family homes and 1 duplex, none of which trigger the commercial loan requirement.

It also triggers your taxable gain, but merely defers it over 30 years. 

This part of the post will introduce readers to the latest advancements in the field, demonstrating how they contribute to energy efficiency, water conservation, and overall environmental sustainability.ESG Criteria: A New Standard in Real Estate InvestmentEnvironmental, Social, and Governance (ESG) criteria have become a crucial consideration for investors.

CPA/client relationship is definitely is something that needs careful consideration because want to find something that is the best fit for you in terms of risk tolerance level as well as budget.I just helped BP actually build out a CPA finder page so if you are still looking, check out that page to see service providers that have experience in working with RE investors https://www.biggerpockets.com/business/finder/tax-and-financ...

Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.

I did a lot of homework on them and met with them several times before pulling the trigger. 

That triggered us having to pay transfer taxes, as the state treats an LLC as a disregarded entity, even if it contains the same members.Most of our clients invest using an LLC as their preferred corporate structure.

Also @Selina Giarla , this is just for your consideration , I know one CU that has 10YARM "Movable" product that their ARM is always have spread of negative 50-75 bps compare to 30YFRM.Currently they have:10/10 40 Years APR 6.440% Payment per $1,000 $5.77 30YFRM 6.875%APR: 6.892%Payment per $1,000 $6.57

ADU you better take these things into consideration.