Would you wait until you had sufficient equity in the asset(s) that would allow for an additional down payment for a new unit or two?

Note money market/CDs are not the only choice but I use them as a single reference point.  10% is not nearly sufficient. 

Set a hard date for complaince (one week should be sufficient) and set an inspection to verify compliance and look for damages, odors, etc.

It serves as a long-term investment vehicle, ensuring I have sufficient funds to support myself when I reach that stage of life.Never (hopefully) - Emergency Account: As a responsible financial planner, I strive to build up a safety net by accumulating 3-6 months' worth of living expenses in this account.

As Seattle is the only city that allows you to build ADU (attached dwelling units) and DADU (detached accessory dwelling units) if the house of the land that you purchase has sufficient sqft.

We would essentially create self sufficient units within the primary residence.

@Brandon Morgan The most important part of a 203k, other than qualifying for the loan at the total price, meeting the self sufficiency rule….is picking the right contractor.  

AZ Superior court in 2022 ruled that if you buy in AZ and later the CC&R's are changed to restrict STR's, you're good to go to continue to run it as a STR, as you were not given sufficient notice RE the material purpose of your purchase. 

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

However, there is an underwriting guideline that requires self sufficiency on 3 units and 4 units properties.