They would furnish it, enforce strict rules, and cover issues under $600.I'm curious about increased foot traffic and liabilities—if something major happens to a guest, would I be responsible?

It will get the foot off your neck and give you time to work through the other unit.

The two lots have to remain joined for the purpose of the mortgage.I have just found out that the 1 acre lot has a 70 foot right of way that was previously defunct and then next to that the rest of the 1 acre is a large gulley rendering the entire parcel useless.

Took a course from someone I knew and seemed like a good way to get your foot in the door with no upfront investment.

If you brought a bad deal because you brought on emotion, learn to take emotion out of the situation and research the numbers more to know what is a good deal and what isin't.Look at the past sales(90 days) of the area that you are interested in buying.Understand what is a good price per square foot and know what streets are good / bad.The wealth in real estate are made when you buy and when you hold.If you buy bad, it makes it a more difficult process.Best of luck

The average room size is 10 x 12, so you can think of a 2200 square foot house, and if it is a 4 bedroom now, you know there is definitely enough square feet to add a couple of bedrooms, and that's how you can be creative by making a deal when others see that 4 bedroom house as a 4 bedroom, but you just turned it to a 6 bedroom and made a deal out of it.

"Most" gets a little weird though - for example, in Michigan, you can strip and re-shingle a roof without a permit, but you have to pull a permit if you replace even a single square foot of the sheathing under your new roof.

I take the average price per square foot for those best comps and apply it to the subject property.

What you need will take care of itself once you get your foot in the door.

Highly variable but probably $180-$220 a foot