Nick, on the lending side - you would most likely be seeking an IRP DSCR product.

Dav,There are fix and flip loans available on 5+ units, but, the products are more niche than 1-4 unit residential.

When you start opening up old houses you'll find problems that need to be addressed if you want to deliver a high-quality product to the end user.

There is no personal loan for non owner.Loans are organized like this for non owners:1-4 can be a conventional or government backed or DSCR or bank statement loan- lots of variety in products.

They can tell ya all about how to whiten teeth, shake hands, hair product, but economics lol, yeah not so much.

The other options include: -moving into the property for a year to qualify for loan products such as FHA or conventional.

It's very interesting that our laws which now encourage ADU production as a means of supplying our communities with more affordable units include these provisions that discourage and dissuade investors from taking on this kind of Jr.

Much cheaper and a better finished product....

When we compared options a few years ago it was the best proven product for us at the time.

Much better end product for sure.