Whats the bed bath count, and sqft?

We have always asked for a bank statement, so we can cross-reference payroll deposits.

When ADU is complete, rent it or move in and remodel main house.After a few years, I think it is highly likely (again wouldn’t count on it, but would leave the possibility open) that CO allows and encourages those who build ADUs to subdivide their properties so that more people can own their homes.sell the ADU and main house separately, benefit from enormous upside.

It may be tempting to treat them as one property and do what is called "cross collateralization" in order to maximize the amount you can borrow.

What you want is an agent with experience who knows how to negotiate, watch your back, navigate difficult situations, understand contracts and law, provides an objective cross-check, etc.

But if you’re just getting started and haven’t done any investing yet, those costs might not count as business deductions.Hope this clears things up!

@Mary Jay yes and that’s counting even big ticket item repairs averaged out so my monthly is actually higher. 

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

There will always be people who want to rent by one but I wouldn't count on one raising property values - I would in-fact assume the opposite.

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.