I would recommend using a realtor thats knowledgable of the area and they can help get a timeline set up to follow . 

Is he using a licensed plumber?

Now if you are using a loan, well I believe you do not have any other option, So, 5- 40 units is a MASSIVE difference.

Have you considered using a HELOC on your current home to build an ADU on the same property? 

Interesting, I was thinking about doing this as a strategy for flipping, just using a HELOC to purchase/rehab then build capital until I can just switch to cash.

Hi Devin, thank you for replying to my message, I didn’t think that I can do renovations using a 0% interest credit card, I thought about it but I also heard cash out refinancing is hard to do on this type of loan which is why I’m a little iffy, I’m not looking to pull my money out right away, but I would like to in 12 months or so is that possible with a DSCR loan? 

We were just working on the possibility of using a small property that some family owns and building a duplex.

Using a company to do rent reporting to Credit Bureaus is a good idea to prevent the delinquency in the first place and at least increase leverage to recover the unpaid rent after it has happened.

Hello Lesley, Have you thought about using a DSCR loan to do a cash out or rate and term refinance to recoup the out of pocket money you have spent on the property.

I have been through the worst experience with this drywaller.I am not using a general contractor, I have been organizing the labor myself.