There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I should add it will be a short term rental property. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Clinton.

Purchase price: $530,000

Cash invested: $20,000

Hello all! I want to share an experience ive had over the past fe...

Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues. 

Do you know the markets you threw out really well? 

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.

Get the property in your name, make sure that the seller is an additional insured.

I have a STR in Truckee that has done very well and I am looking for another STR, was thinking of the Sacramento market but I hear conflicting info on the permit process and the ability to rent it out for more than 90 days a year as a STR.