In addition, what lenders have been best to work with from your experience?

I'll DM you if I come up with any additional questions.Thank you Rachel

I live in Littleton and I'm planning on buying in the west Denver metro and I'm familiar with the area, but additional data points are always helpful.

You can grow your portfolio here in addition to making your first investment.

You will need to supply 2-3 quotes from different General Contractor's or licensed builder for all work.Some things that can occur are builder/vendor issues with lack of inventory, broken material, employee "no shows", date of completed work extensions, bad work, additional costs not factored on blue prints or cost analysis, delayed permits.Keep in mind any delays or issues will slow down your clear to close/funding date.

VA is great for the 100% financing which covers 2-4 units as well and those can be rented in addition to rooms in a primary.Just make sure you shop around for quotes (without letting multiple lenders pull credit). 

Here is a simple case study of a recent loan:Amount Needed to bring loan current: $18,560Loan Payoff at Purchase: $77,426Acquisition Price: $41,500Property Value: $400,000We acquired this loan in April 2023 as part of a pool of 16 other loans. 

However, I'm seeing SO MANY properties that are zoned as Single Family, yet they have 2 units - either a MIL suite or just an addition that's been built. 

This rarely ever happens but provides additional barriers.

The AIO is our only debt on the property and is in our personal name (not an LLC) as a requirement of the loan.We are looking to do an extensive addition/remodel on our personal home, and given current rates, we are considering using the AIO loan to help pay for it.