One thing to consider is how hands-on you want to be.

We're considering knocking down the carport and/or putting in another ADU, ideally a 2/1, to bring our comps to 6/3.Has anyone investigated or done this recently, and have advice on the subject?  

On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.

This avoids the headache of eviction and wraps things up cleanly.If things escalate before their lease is up—like the music gets worse or complaints keep piling up—you could consider eviction.

I am considering investing in the Ohio market.

It is still risky considering that there are always variables that need to be considered.  

No one has time or inclination to look at 90% of the things that we would consider interesting to look at from an audit standpoint.

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

At that time I'll attempt to structure a 10 year term unless I consider a shorter hold period in which I'll negotiate the lowest rate possible to fit a shorter term more closely matching my remaing hold timeline.

I work a full time job at a wood shop building custom cabinetry.