@Marco Spaziani Brunella can be a nightmare getting loans on rental properties in your situation.Easiest, besides seller-financing, would be to get a mortgage on a primary residence to start building credit.

@Rick Albert, I agree, but I guess that's just for primary residencies...

New Orleans residents feel that AirBNB's have ruined the neighborhoods and character of living in New Orleans, making housing unaffordable for musicians and service industry workers and that the city has plenty of hotels for tourists to stay in.Adding units may be very easy or next to impossible depending on the zoning and neighborhood where the house is located.

Based on what I have heard there are two tests we have to pass in order to be qualified as a contractor.

My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose.

For getting equity out of your current primary residence without affecting your current mortgage, you can use a HELOC or HELOAN that will go up to 90% LTV.

Otherwise, if you have decent experience, we could get you qualified for a drive by appraisal and do the hard money loan that way. 

@Judy P.Maybe worth it if you’re a homeowner (primary residence) definitely not worth it if you’re a landlord

You would be best served by talking with your CPA and Qualified Intermediary.  

@Marko BukvaAs long as you be living in 1 of the units as your primary residence, then you can do an FHA 203k.If this property will be a flip or you will not live in it as your primary, then you can do a conventional rehab loan like the Homestyle or the CHOICERenovation.