@Sarah Meade you definitely don't need to have a business to buy a small multiunit, especially if you plan to use a low-down payment loan.

Explore options like construction loans, private investors, or partnerships.

This new data on the report was a loan for a new rental that closed exactly 3 months ago plus a hard inquiry for this loan.

Garage ADU is the way to go if you're able to make it work financially.

However....I had no response when he stated his college loans were caught up.

DSCR home loan is the way to go on this one.

IF No comparable sales meet your value, no loan available as is over 100% loan to value financing.

It's not financially viable right now if you don't know what you are doing.If you have some experience, those markets are all different.

**Additional Tips**: Any other advice or insights from those who have successfully set up and managed an LLC for their real estate ventures would be greatly appreciated.I want to ensure that I set things up correctly from the start to avoid any legal or financial issues down the line.

Although you can get those wrapped into the loan by making an offer with seller closing credit. 6 months of reserves is a very comfortable cushion to have.