Costing them thousands and making them lose out on homes.

Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

I did not want to spend 50K on doing separate meters for where I have my rentals it would cost me this much.

Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances. 

The cost shouldn’t be double what a duplex is, but should likely be less per unit.

@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.

.💰 Lease Duration: 12+ months🎯 Ideal Tenants: Families, individuals seeking stability📈 Revenue Potential: Lower than STR/MTR but very stable✅ Pros:✔ Steady, predictable cash flow✔ Minimal management required✔ Less turnover = fewer vacancy costs❌ Cons:✘ Lower rental rates compared to STR/MTR✘ Less flexibility to adjust rent quickly✘ Potential eviction headaches🔥 Investor Insight:LTRs are great for long-term wealth-building, but if you want higher cash flow, you may need to look at MTRs or co-living models.3️⃣ Mid-Term Rentals (MTR): The Best of Both Worlds?

My current lawyer has been a little hard to reach out. could you please let me know about how much is the cost?