I’m also looking into self-settled spendthrift trusts to add an extra layer of protection, especially as my portfolio grows.

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you. 

If I get a permit cool. 

One extra month of vacancy for the MTR could erase the surplus.

Just make sure the town is ok with the land being zoned for multi-units, and look into construction costs, financing options, and permits ahead of time.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Insurance and LicensesThe Subcontractor agrees to maintain:General liability insurance of at least $[Insert Amount].Worker’s compensation insurance (if applicable).All necessary licenses and permits required by law.6.

It is near Woodland Park which is having problems with allowing new permits. 

If you do not, I would still love to connect sometime when time permits.

Duplex have different zoning that may permit additional units.