Know your product. 

That is often a matter of opinion and will depend on the attitude of your municipality.Most municipalities do not require neighborhood approval, but will offer the public opportunities to provide input which will be considered.

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

The idea is the product of an ah-ha moment late Friday afternoon as I was scrambling to put the pieces of this puzzle back together.

If a person benefits from a product they sell it’s only natural if they promote what is perceived as a benefit even if the quoted benefits are not automatic or even a given. 

Depending on the property far more than the acquisition price may be required and that will also dictate the best loan product. 

If we rent upstairs all in one - then one side of the unit would be paying for oil heat, while the other side would be paying for electric/mini split heat. 

If you do a side by side comparison, DSCR will win every time.

A 1031 exchange allows you to defer taxes by exchanging real property held for productive use in a trade or business or for investment for other real property of like kind, which is also to be held for similar purposes.

Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.