@Nate Burgher the value add is the lot is large enough to add an airstream in back, add a storage locker since two of the units are super tiny, so they aren´t huge, just passable to maybe give me an extra 550-700/month which would almost give me free rent.

We burned through a couple other management groups before I found these guys.

I'm in San Jose working with a youth corps programs that is starting to do Tiny Home construction and we are reviewing all the regs etc for California -- the hope/goal is to make quality homes to service our homeless population then the community then eventually FEMA etc...These will be on trailers - Our approach will be to approach members in the community who would like to have the extra rental income by having on elf these on their property -- no doubt there's a lot of hurdles ahead of us but we have a record of building/construction - the challenge will be the market and regulations  which I guess always is the case....

Overlays are extra rules that lenders put on top of Fannie/Freddie (and others) guidelines. 

If you have a little cash to burn, I would recommend getting your parcel surveyed and having utilities located.

I have an 8 unit apartment building that has two separate entrances (one for each 4 units) and each side has an internal door to the basement where there is laundry and extra storage. 

Looking to purchase a home for my mom to live in where she can also rent out extra rooms.

Typically I pay a higher interest rate for the additional risk and pay for the attorney fees, but not extra points. 

Extra principal payments knocked off a year, so that’s why I’m down to five years.

And then, since I'm the contractor, bookkeeper, tax lady, and homeschool mom, I'm thinking it sounds simpler and worth the extra costs to simply let the guy stay there as a buddy, and pay him through an employee leasing service, do no rental income (or bookkeeping, or Schedule C), and just run it as a regular flip.