Lastly, we own our current home.

Even then, many won't lend unless you have a long-time and established banking relationship with them. 

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

There are a whole lot of factors and differences among the options, even among lenders that fall under the "private lending" umbrellaSharing an article published last year that maybe can help and provide some more insights:https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

Lastly in what situation would a tenant want to sue you that is not covered by insurance ?

However, it takes a long time to pay off this property and forces me to accumulate much more interest over time.

One of the most surprising experiences I had was when a borrower with a seemingly high-risk property came in with a last-minute change to their scope of work.

I know that in Mississippi the rule of thumb seems to be that as long as the lot can meet the frontage requirements, construction is permitted.

I can see the arguments from both sides and am curious to hear how others might adapt their business practices if such a law is enacted in your state.Interestingly, South Carolina just implemented a similar requirement last week, and it seems like more states may follow suit soon.What are your thoughts! 

In my experience, when you rent by the room with shared common spaces, you end up with lower quality tenants and higher vacancy in the long run.