The only time we need additional information is if they are denied.Once accepted, we tell them exactly what we need from them to move in. 

We also allow users to amend a post at any time with additional information.We have no plans to change how the forums work as it pertains to the deletion of posts.

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

When it comes to housing, the FHA rules apply in addition to those of your state/city.

In southern CA, even garage conversion ADU additions are typically costing more than the value added.  

Also, you will have additional occupancy tax depending whether you are in the city limits or not.

I have several really good lawyers we use, you can PM me if you want info on them ... and if you'd like to talk property management reach out.

Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!  

I did the below research a couple/few years ago (so info is slightly old) but never ended up doing one but for those who watch my posts, I have indicated it is high on my list for Q4.  

That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.