I know there is surety bond process and there a a few companies that appear to offer a service (Like Rhino)Furnished Finder has a new feature called Worry Free Waivers but when I tried  to better understand their process, it was clear they have not done a good job of vetting this out. 

I get a lot of doubt from people but Im am willing to take the risk and go for it.

My wife and I are tied to this area due to being in proximity to family and we currently enjoy a farming/hobby farm lifestyle that is a big part of our family culture.

Is it worth it to go through the proper process with the city and run the risk of a huge expense to make this a 3rd unit? 

Now investors, especially the newbies, are chasing returns by going after higher risk investments - many NOT really understanding the true risks.Many more investors will be losing money and choosing to liquidate real estate - which will be buying opportunities for the better prepared investors.

It is pretty low risk from my viewpoint.Then, after you've sold the first property, you could buy another home that needs to be fixed up, live in it as your primary residence, rehab it, and sell it again after living in it for 2 years as your primary residence out of the last 5 years.

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

Quote from @Austin McDonald: I'm using Capital One at 4.23% Ally: 4.25% APYMarcus: 4.30% APYM1 Finance: 5.00% APY (must be an M1 Plus member, but I believe they’re still offering free trial.  

Feel free to message me if you have any questions.  

Banks & Investors make more than face value on something they get for free.