During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

The real way to answer this question is to do a detailed break down of the numbers. 

If you can find a precedent, that could bolster your argument significantly.Lean on the Physical Details: Four mailboxes, four sewer lines-those are big indicators that the property has been treated as a four-unit for some time.

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

I recommend visiting in person and getting to know Indianapolis on a detailed level, establishing a trusted team and meeting them in person (or at least Zoom calls). 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

You need to make sure you understand every detail: how the lease terms adapt over time, what kind of negotiating room you’ll have when it’s time to renew, and whether lenders in your area are open-minded about financing these kinds of ground leases.

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

Floor Plan CreatorPlatform: AndroidFeatures:Allows you to create detailed 2D and 3D floor plans.Supports laser measurer input for accurate measurements.You can enter exterior walls, fix them in place, and add rooms within.Offers automatic calculations for perimeters, rooms, and walls.Bonus: Plans can be exported to various formats for further editing on Windows2.