We’ve started talking about the potential for collaboration, particularly to reduce construction costs by building simultaneously.

Option 2: Electrician recommended mini splits - said 2 units should do the trick and would cost around $6-$7k.Heating system 2 is forced hot air oil furnace specifically for the 3rd unit.

No requirement to be in the inner circle other than to get the 100% funding up to 65% of ARV, otherwise it is 90% of acquisition cost + 100% construction costs up to 65% of funding.

The overhead to start a company is low, but the cost to scale is high. 

At 3 years none of the costly items have hit their end of life.  

Extra 4 months of carrying costs are up most of the margin.

This would not cost anything BUT tenants may be able to argue over bill more and I know RUBS has sometimes been outlawed in certain jurisdictions so would be less future proof.

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.