It has to be an addition.I would double check because maybe the workaround is reinforcing the garage and building above it.We lived in our studio ADU for two years before we moved into the main house.Best thing to do is talk to an experienced lender.

Also note that my company will possibly either cover closing costs if we sell or provide property management for two years if we rent.

Comparing just those two things, you would save way more money in the long run by avoiding the annual mortgage interest.

Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.

If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

Just my two cents, best of luck on the journey! 

When I signed up, there were two different options: Lease, where they pay you fixed amount/mo and arbitrage the difference, and revenue share, where they take a management fee, pass on fixed costs.

My two cents

I or a partner have done at least two of his boot-camps over the years, including his land & commercial property which helped us buy our first three land joint ventures-with-the-sellers a few years ago – never has there been subsequent illegal charges, but I do read thoroughly the agreements and immediately notate in my day-timer the required termination date for any company’s teaser or rebate.Again, I empathize with those who had bad experiences with any company’s or guru’s teasers, but I’d suggest rather than avoiding teasers and rebates, take advantage of them!

However I believe it’s great to have two independent sets of eyes (in addition to your own) on the books to make sure everything is accounted for and running smoothly.