I've been a landlord for seven years, and am excited to learn more and get support and advice from other folks on this crazy and rewarding ride.

I don't have much free time to research several properties or vest several third parties - my job and my family life are very time consuming.

Plus would neighborhood comps support your new value if you're only doing less than $10k in rehab?

By the numbers, the cashflow may look better, but the turnover tends to be higher and you have a whole new set of CapEx expenses that have to be supported entirely by that one likely lower-rent unit (it needs its own water heater, HVAC, roof, etc.)If the property isn't a great deal without the garage unit, it won't be a great deal with the garage unit.

You can look up any LO on the NMLS Consumer site.That said, there also may be a good reason the LO is advising you to go FHA. 

First I would find if the market supports adding a ADUWithout having all the numbers on your seller lease option, I would guess that you could probably get a higher return by developing the lot.4) Be careful using a bank loan (though they have attractive low interest rates) because in 2008 when the banks shut down they were calling construction loans in full.

I'm serious, that's very impressive in this generation of consumers.  

For anyone else having this issue, please contact support@biggerpockets.com and ask them to Set Non Overridable Batch Alerts for your account.

I'm 1/3 of the way through (actually have my first of three (class) tests this coming Monday).To support my real estate habit, I actively listen to (of course) BP podcasts. 

Naturally these are outgrowths in support of the valley.