if there is appreciation, but you wouldn’t sell your current home tax free and buy a neighboring home to rent out, (There by raising your cost basis for additional depreciation and lower capital gains tax.) then it probably doesn’t make a good rental property. . 

I could be wrong due to glancing and it is only noted here as some investors may evaluate deals with that as a factor.

As a family-run business we’re curious—what factors do lenders prioritize most when evaluating projects like ours?

It's hard not to be emotional when house hacking becasue you're living there but think about other factors for you too, not just the cost.

Additionally, many states offer property tax exemptions, significantly reducing expenses.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Plus, we like to make it fun so there will be 2 evening events, in addition to all the daytime sessions.

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

In addition to that, building your network is key.