Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

The tried and true way is to purchase a off-market property, rehab for no more than 75% ARV, refinance to get your money out or payback the private hard money loan - start short-term leasing the property.

I know there are hard money, and private money lenders, but since it's my first purchase I don't think any of that will work for me.

Purchase price: $250,000 Cash invested: $65,000 This is my first flip.

Touching on some of the above my lender did a loan for a client who did not have a primary (lives in rented NYC apartment and purchased home in FL), and mileage is not a concern but you have to prove a reason i.e. you live in a city and the visit the beach often, you work often in subject area, mountains, etc.

I'm interested in networking with investors who want to purchase multifamily assets in the Michigan or Ohio markets.

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

Cleveland has a lot of duplexes available in rental heavy areas that cash flow with purchase prices under 200,000.

.)- As-is value- Purchase price- Renovation scope and cost (what are you doing to the property and how much will it cost?)

Consider using your VA loan benefit to purchase a 2-4 unit.I’m active duty Air Force and purchased three homes with my VA loan benefit.I wish you all the best.