We have secured a home equity loan against our home (which we own out right with no mortgage payment).

I am a real estate expert but not a contractor, not an ADU expert, and not a zoning expert. 

Most realtors are not experts in investing and do not themselves invest.

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

We would love to assist you in navigating these options and securing the right DSCR loan for your Florida investment.

@Chris Seveney @Nathan Gesner The owners offered to cancel their lease and return their security deposit in full.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

As I’m saving up for my first investment, I would like to learn more about the industry - and it would be nice to earn some income while doing so.Are there any specific skills or knowledge I need to secure a VA side gig? 

What makes you an expert that the unit is in a great location & condition and the market is hot, relative to the property manager?

Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure?