Typically 5 units or more are considered commercial.

For instance, if hail damages your roof, you’d receive payment based on the roof’s current value, considering its age.Replacement Cost: Covers the full cost of a new item.

@Zach RumfieldI agree with @Bill B. and @Bruce Woodruff that, financially, this is probably a no brainer and that you should run the numbers to see how it pencils out because, even though your dad already owns the property, there are likely still some upfront costs to consider.1.

She should consider moving to something cheaper if she can't afford the rent.

You might also consider specialized classes on platforms like Udemy for deeper insights into strategies like seller financing and subject-to deals.

If you are considering option agreements and assignments, they should be developed by your attorney because the requirements differ by state. 

Hey @Jordan Ryan - Consider connecting with @Cam Schwartz... he has some great private money products at his new business called vert! 

Hey Hey @Mario Morales - @Sarita Scherpereel pointed out some really good questions you need to ask your friend...You have to consider the difference between a non-conforming and an illegal unit.  

We focus on exceptional customer service by aligning our solutions with client needs, while innovation drives us to continuously improve processes and embrace new ideas.

Since the BRRRR strategy relies on recycling your capital, it’s typically better to stick to the minimum needed for favorable loan terms.Also, consider leaving a cushion in your HELOC or reserves for unexpected rehab costs or delays.