This is great when purchasing from a family member if they are willing to consider a discount. 

Awesome to hear you are in our market, we have a lot of clients who invest both out of state and in-state like yourself!

Purchase price: $142,500 Cash invested: $25,000 We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia.

For every angry client we have many more that are doing just fine!

I am considering purchasing in Lower Dimond and any of the directly adjacent neighborhoods.

This allowed me, for example, to purchase an automotive repair facility with an environmental issue thru BK court for $115,000, remediated to issue for $2,000, and sell the property for $325,000.  

Quote from @David Cherkowsky: Hi All,I purchased an investment property in the middle of last year and to this point have been using 0.75*lease value in my DTI calculation.

These products allow you to purchase a home that may need some work and roll the renovation costs into your mortgage. 

Purchase price: $142,500 Cash invested: $25,000 We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia.

I don't know specifically about ADUs and Chattanooga, but I have clients in other markets that focus on ADU construction on larger SFH lots.