FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

Typically it’s a secondary use meaning the land must have a primary use (like a home on it).

Typically max leverage is 70CLTV - very higher Prepayment penalties and be ready for rates north of 12% - I answer this question all the time.

I dedicated three months to remodeling the interior myself, transforming the space with a vibrant Retro Tiki vibe featuring splashes of color and creative design.

Typical market rent for the area is 800-1000 for the zipcode, housing authority has max at $1300.

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

The typical term of this loan is 12 months and rates range from 10%-12%.

I know DSCR lenders typically don't touch them.

However, required downpayments were typically 40-50%, and would be difficult without a residency visa.

That is very typical of the "advice" I see given by the students in his group.