Purchase price: $265,000 2 Bed, 2.5 Bath Townhome with attached two car garage.

There are a lot of things here.First, my read on SB9 is that you can build a duplex (either attached or detached) without owner occupancy.Because you can't tear down most SFRs, this is similar to adding an ADU, but it will have difference building code requirements (sprinklers) and be valued as a duplex.If you split the lot there is an owner occupancy requirement.

By fate, my grandmother wanted to sell her farm, which I emotionally was attached to so I bought it.

This is common in Blue Ridge, Georgia area and the florida panhandle as well.

Worth noting, the debt behind the property I want to sell is a private credit line that is not attached to the property itself.

I originally figured it would be around 3.5% but then I read an article attached to the deal analysis that stated some lenders charge up to 3% more on investments than they would for someone buying a home to live in.

It could just be a simple re attachment and tighten.

I have attached all the pictures he sent me.I would appreciate all your help or suggestions.

@JB Klein @Jamie Carr - I sent you both a connection request with a message attached.

Costs to get it rent-ready will likely be added to that $80k basis except for things like paint, blinds, carpet (non structurally attached items) can be expensed prior to being in service. 4.