I started down this path years ago, taking our pre-existing lease and adding on and adapting it to this utilization.

This policy will provide additional coverage above what your existing policy covers.

Will the lender require 25% down, or will they allow cross collateralization with your existing equity positions?

Area"I want to start with a baseline of existing at the beginning Feb 21 2025 and compare to 1 year from now - Feb 21 2026.  

You don't have to answer that, nor can you because it's subjective, but the point I'm trying to make is that they may not view it as a great deal as it currently exists.

Quote from @Thomas Zuck: Quote from @Jay Hinrichs: Quote from @Thomas Zuck: I have one project under construction with them right now, the communication is non-existent, unless you reach out first.

This week, two critical economic reports—the CPI inflation report (Tuesday, February 13) and Initial Jobless Claims (Thursday, February 15)—will provide new insights into whether the Fed will stay on its current path or begin signaling rate cuts.Real estate investors looking to finance new deals, refinance existing loans, or time their next acquisition should closely monitor how these reports shape market expectations for the Fed’s next move.Current Market ConditionsMortgage rates have remained stubbornly high due to persistent inflation and a strong labor market.

10% is not going to exist, 15% still does currently, but it will be very hard to make work considering the current environment. 

Seems like what I'm looking for may not exist.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search