However, I am not closed to the idea of exploring other markets! 

As for valuation, I see no reasons why a Junior ADU would negatively impact additional housing unit.

Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."  

If you can add a legal ADU at $25k in the Austin area then you should add it.  

If I were in your shoes and aiming to build a portfolio while still working, I'd focus on strategies like BRRRR that let your capital work for you while building both cash flow and long-term value.Happy to discuss more if you have specific questions or want to explore Detroit as an option!

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams? 

Lenders often consider the whole picture, so keep building that credit but don't let it hold you back from exploring options.Since you're considering a trailer to fix up, have you thought about markets like East Phoenix or the outskirts of Austin?

You might want to explore DSCR loans, which allow you to qualify based on the property’s cash flow rather than personal income.

@Paige Gardner it depends on the person. hml are my last resource, it's a option for sure. 75% too high for me. that's the game for them, that's how they make its money. don't take it off the table but definitely explore ur options.