It depends on a few factors: First, the fires.

The appraiser is going to know that a bedroom was built or converted without having a permit being pulled and no clear 'CO" was provided.There are a couple of way to go about this and a few programs that can help with the approval for financing.

If B class or better then you can consider not using a PM.

I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

Purchase a NNN Lease on a bankmy question is, is this possible on a Absolut NNN/NNNTerm 20 years.Accept the first 10 years Interest-only payments and the remainder P&I?

That would be a big no bueno.

Hello, I am a new investor trying to learn more about REI and get my first property.

Is is low enough that someone would be ok with a wrap??

I've done BRRRRs in Milwaukee for almost 15 years, but things have changed around 2020: I have a hard time buying quality properties where I get a discount that even matches rehab cost. 

I found a listing in Northern California on Zillow that is vacant land with approved plans for building a home.