- Renting it Out: The likely rent I'd get in this area will cover half my mortgage payments at the moment- Add Square Footage: Taxes will likely go up significantly- Build an ADU: Overall ROI will likely not offset much since it'll still be counted as value tied to the one house- Selling Off Land: Sits on .5 acre that I might be able to sell.

Empty buildings, not much to get excited about.

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

Hey Romeo, I would build up some cash flow and try to find some partners in your network that have the funds to get started in RE but are hesitant since they never purchased anything yet.

I did condo conversions for 2 years in Columbus Ohio on buildings older than 1950.

I currently work with investors in the states and out of the states to build a portfolio in Turn-Key, Single-family long-term rentals.

Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

The building itself cannot be accelerated. 

I buy and hold.After all the gut rehabs and new builds we did in the last 5 years, I felt the same way.

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.