Managing a large renovation budget required careful oversight to stay on track.

For example, if the refi lender requires 6 months of seasoning so that the refi is based on LTV rather than LTC, then your HML will likely be 7 months...

The other property is a cottage built in the mid 70s and requires significant electrical/plumbing work to bring up to code.

The law states:"a landlord may require a prospective tenant to pay the landlord’s actual cost, up to $25"https://docs.legis.wisconsin.gov/document/statutes/704.085(1... states that the most a tenant may pay in Wisconsin is $25. 

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc. 

Community banks generally have no seasoning requirements.  

We require them to provide us copies of their licenses and be added to their liability insurance before assigning them any work.

ADU zone expansion is not certain, and even then who knows what the rules will be (owner-occupied requirement, etc).

However, achieving success in this space requires more than purchasing property—it takes strategy.