Recently, I have made the decision to wholeheartedly commit myself to this journey.My current plan is to invest in a multifamily home for house hacking in my local area or perhaps a single-family property with an unattached garage or basement that I can convert into an Additional Dwelling Unit .

Okay, that gives me additional things to think about, and it makes more sense as to why it hasn't sold yet.

See if there are any additional features you can add to the property that will raise the value with a small investment.

It’s important to highlight several key restrictions that apply to the Affordable ADU:No Related Renters: The Affordable ADU cannot be occupied or leased to the owner, any relatives (by blood or marriage) of the owner, anyone employed by the owner, or anyone connected to any entities involved in ownership of the property.Student Dependents: The Affordable ADU may not be leased to student dependents, as defined in the U.S.

Bottom line was $84,000 additional rent, $29,000 net cost to furnish, no extra operating expense.

We are constantly analyzing our clients' campaigns to determine what designs, offers and mailing lists are working best for what industry, and you benefit from all of that information when you work with us.Feel free to reach out to your marketing consultant (David Scott, 800-628-1804 x258) with any additional questions that you may have.

@Russell Brazil,I understand your point about DTI, but I was thinking more about the fact that we would exhaust a significant part of our savings to buy the multi-unit first and would likely have to save extensively for a couple of years in addition to what we might cash flow from the multi-unit to have enough to buy our single-family home next.

Here are some additional methods to help you find off-market deals:Networking: Make connections with other investors, real estate professionals, and possible sellers by going to regional real estate meetings, networking events, and industry conferences.Direct Mail Campaigns: To connect with homeowners in certain neighborhoods or with particular property attributes, create a tailored direct mail campaign.Driving for Dollars: Identify foreclosed or distressed properties by physically driving or strolling around neighborhoods.

2 additional questions:1 - If someone responded saying that they are putting the home on the market, would you guys still move forward with the foreclosure process?

Provide a comment explaining it.Option B that's what I used many times but sometimes going to C , ask for discounted service and ask mortgagor to add it to the loan.