I'm not as experienced in real estate investments as a LOT of folks here...but we've made safe/wise choices (so far)...and have been doing ok...we're building an "Ohana" on our property for another rental as well...with another one planned for down the road. 

Hi folks for some reason this title came to mind.

Hi Ben, intriguing idea and I can't answer most of your questions, but the one thing I will throw out at you is that this would likely be considered a commercial loan by most lenders (but not by all) and a lot of folks who specialize in those won't do owner-occupied projects, as the disclosure and regulatory requirements of each don't always jive together.

They get good renters into your house, they actually get higher rents than I expected and they have a great team of skilled folks. 

Hey folks - I'm on the hunt for hiring a land surveyor that A) Has time in the next week to do the survey, if possible B) Is somewhat reputable.Doesn't have to be an "official" survey as we want to see if we have reason to believe this property has an extra couple hundred square feet.

For most folks, our primary's do not make good rentals. 

Hi folks!

It is an empty house left in a Trust for the last 6mo or so by folks who died and left to their children.

(If I am adding a closet or removing a wall I will hire a GC.)This system works for me because I only do one house at a time as a side gig, but for folks who want to make this their full time occupation they may want to spend their time finding deals and let someone else do all the work. 

I'm generally pretty risky when it comes to things like this and it's never really hurt me, but with this sort of money involved I'm more hesitant to jump into something when I haven't even met this person.So, lovely BP folk, is this good idea, or terrible idea?