The market rents are carried by the approved section 8 limits which goes up every year. 

Then again... the water & gas are shared utilities...Anyways, we reached out to planning and zoning and got the following response:... 5 units would not be approved at this location under current zoning and neither would apartments.

our average HML lasted 91 days.we would not make the HML unless the borrower was fully underwritten and pre approved with ARV appraisal in hand.. so then we just needed a 442 for the refi to go through. 

My only concern is how to get approved for let's say 350k mortgage with only 40k salary, but I guess that's a question for a lender.

@Nicolas Thatcher was the Springdale Green project approved by city council today?

If I approve it, I still plan to do a background check on the new tenant, but would there actually be any other agreement between me and the new resident in a sublease situation?

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Before I get pre-approved, I want to know if I should take out a HELOC on my first home before or after?

We were just approved for financing, but a condition is that the cosigner must be on both the mortgage and the property title.Our intent is to only keep them on for a few years, then refinance and remove them from title and loan.

I do have a hard money lender that does nationwide lending that already pre-approved me and also provided me with POF.