I'm trying to decide between building an Accessory Dwelling Unit (ADU) on my existing property (secured permit) and investing in a rental property in a cheaper market.

Hi, They are giving me a hard time because they actually did get me some credit but it was all under my personal social security#.

I did get one off market by cold calling the owner and have used wholesalers and marketing to secure projects in the past.

Leveraging Bob's local market expertise, we secured the property for $30,000.

I see this as HUGE security when investing in Lexington.

Leveraging Brittany's local market expertise, we secured the property for $200,000.

The seller (also the landlord in your scenario) will also want to get a security deposit, which is refundable, and typical.In these types of deals, the buyer often doesn't have the cash for the down payment.

ITs certainly in the ballpark but I think you can do better most likely - especially with your experience of owning five rentals - certainly some options here on BP to shop around - but the rates and points seem a tad high - you could probably secure something with both a lower rate and origination (and potentially no appraisal cost as some Hard Money Lenders don't require them)

I assume the security deposit is one month.

Leveraging Dale's local market expertise, we secured the property for $60,000.