Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

Additionally, I would be grateful if I could find a mentor from the forum to guide me on this journey.Thanks in advance! 

Hi Andrew, I pay about 9 or 10 per listing for pricing, and additional 10 per listing for the market dashboard to look at comps. 

Quote from @Charlotte Wilson: Maybe I am overthinking this but when I look at properties to purchase that I plan to rent out, how do I make sure I am including all the potential additional “cost” besides the mortgage and property taxes?

If you have any further questions or need additional details, please feel free to reach out.Thank you for your time.Dana@Dana Lee Fuller I completely understand and as a former Director of Lending for a CDFI in the Midwest that financed the gut rehabs of mostly abandoned 2-4 unit MF properties, I've worked with similar developers that are targeting more of a "social impact" investor base. 

I have used DSCR loans to get 14 other properties and an additional two under contract so I've always been able to find the 20% but I am stuck at the moment. 

A hands-off garage conversion ADU is over $100, even doing much of the work yourself, it will be much more expensive than your estimate.Single ADU additions in single family zoned areas are typically one of the worse re investments. 

Knowing how much you still owe will help figure out the real cost of losing that low rate.Also, when it comes to borrowing the additional $170K, it’s key to know what kind of returns you’re expecting to make on that money.

Additionally zoning restrictions are going to all but eliminate most every plot of land in the Cleveland area. 

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly.