In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.

The only reason I chimed in is a lot of folks might take this as gospel for any and all areas.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

I finished all the degree requirements only to discover I was extremely burned out and had to complete another year of electives to satisfy a minimum number of credits at that university.

It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush. 

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

The seller requires a cash purchase & I’m exploring creative ways to structure the deal.

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

I recently joined the forum and would like to quickly list my requirements without much ado.1.

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.