@LaTonya Clark If you are saying you are $10K apart in a $265k vs. $275K acquisition  and you believe a 40 year amortized loan is necessary to make the numbers work, this transaction may have bigger problems.  

Most have their own company's now and stay a part of the community to leverage each other.  

They all have yards and a driveway , its not like living in an apartment .   

There's obviously opportunity here to build this out and turn it into a basement apartment, which I think would cash flow because of course there's no mortgage. 

Glad to have you as a part of this awesome community, Chandler! 

Quote from @Sufyan Ahmed: I have never purchased a house before as I like living in my 2 bedroom rental apartments. 

If you're looking to grow your real estate portfolio without the headaches of being remote, I highly recommend checking out our brokerage, Raise the Standard Real Estate.Here's what sets us apart from your regular real estate agents:Investor-Centric Approach: We specialize in working with investors, not just regular homebuyers.

Helps you stand apart from similar 4 bedroom homes and if you choose to pursue a rent by the room strategy in can create additional cash flow.

In terms of the illegal 1 bed cottage... so this isn't uncommon in my neck of the woods (NYC) in terms of something similar (basement apartments, garage apartments, etc.) 

We have a pretty good Tenant who is moving from one apartment unit to another.