That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

From what I have seen, the typical remedy is termination of the contract, refund of the EM deposit and all expenses incurred by the buyer during the failed transaction.

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

Typically you would still be required 20% as first time investor for most HMLs and 100% of the Reno.

In my market the valuation with f/f non commercial financing is typically lower than the hands off cost of adding the ADU.  

I know DSCR lenders typically don't touch them.

- A 0% down, seller financed deal, typically equates to little to negative cashflow!

Google permit expeditor or ask the county who typically is used.4.

There are a lot of websites that offer the course online, or if you have a college near you, they also typically offer a class that satisfies the pre-licensing requirement.

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.