I plan to access some of the equity in my home, along with cash on hand, to purchase and reno property.  

So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time toreview it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at leastX days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications& supporting tenant identification, income and asset information, any documents corresponding to any ongoing legalactions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bankstatements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income andexpenses.

The architects also probably have a pretty good handle on the costs of construction because their plans are getting created for a certain price point.If you don't find what you are looking for, then it is a very solid bet that it's not economically viable.

I understand that you are attracted to the Denver and Boulder area and I would be curious to know if you have planned for the additional costs of living in these areas including the large(r) mortgage payment you may be taking on when financing 95% of the purchase price?

Why do you think purchase contracts are so long and have such small print?

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

I've heard of this elusive VA Rehab loan that allows a buyer to purchase a house and get cash to do rehab work.  

., Conner Real EstateFranklinFranklin REI MeetupsLocal Brokers: The Ashton Real Estate Group, Synergy Realty NetworkNext StepsNetwork Actively: Attend meetups, join online forums, and reach out to brokers and agents.Conduct Market Research: Understand the specific dynamics of each market, including rental demand, vacancy rates, and local economic factors.Visit the Markets: If possible, visit these markets to get a firsthand feel of the neighborhoods and potential investment opportunities.By connecting with local investors, brokers, and agents, you'll gain valuable insights and find opportunities that align with your investment goals.

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

The tried and true way is to purchase a off-market property, rehab for no more than 75% ARV, refinance to get your money out or payback the private hard money loan - start short-term leasing the property.