Do you have any additional insight on continued self manage from OOS vs PM?

But I strongly urge anyone to always get Aldermanic support before proceeding because it makes life--and the entire project / process--a whole lot easier. :)IN SUM: Based on what you've shared, it sounds like you won't need to rezone if you just want to build a duplex.

If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income?

You're also able to work with the utility company to install an additional meter.

Stock market returns have been good and I don’t have the headaches of dealing with any additional houses or guests.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.

As the state capital, it boasts a strong government and military presence, supported by the nearby Air Force Base.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.