What are some of the thing’s that you have done to increase your odds of success in real estate? 

And whats special about this area is that the subdivisions are zoned for str so they can never take that away - unlike many other areas in the country who are continuing to find ways to restrict people from doing strs - even ones that are already in use. 

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

I’m not sure what the rules,regulations, restrictions are for renting out basements, so I’d appreciate some input from people who have done this before

Almost every property on my street is a 3+ unit property.Now, I understand that I cannot build a quadplex due to zoning restrictions.

Put in the effort, build relationships, prove your value, and improve your odds of finding someone to help launch you on your path.

Government now can restrict and cap your rent increases 3.

Most preachers will tell you that we are under the age of grace with a new covenant but oddly enough they never throw out the mosaic law of tithe .

Adjusting some zoning restrictions and streamlining permitting processes to encourage more private development would have a quicker impact.

Someone  MIGHT get lucky, but the odds of that happening are very remote.