My Idea is to start with fix and flips to make some “quick” profits and then use that profit to get into more long-term, cash flowing investments.   

The core 4 is essential to long-distance investing.

I learned this the hard way not too long ago.I invest in similar areas and I do use leverage to buy properties but I have starting using the techniques that I mention above, keep a good cash reserve, and I am more aggressive on the debt paydown than on assets that have good appreciation.

I write quickly, but editing takes a long time.

Internet: the resident can get their own internet account as long as there is phone/cable in the ADU.

That goes a long way

What I have seen is that they wait toooooo long for a these clients in order to make a better income and almost drive the business into the ground.

Some programs offer 30-45 day rate locks when you pay for your appraisal, one that rate locks indefinitely so long as you as the borrower aren’t holding up the loan process, while others rate lock once we get to underwriting. 

@Allen Wu- .25% rate difference wouldnt be  ample for mw to choose to use a 10 yr arm  versus a 30 yr fixed ....especially  if the proeprty will be a long term hold .....once rates  drop you can  always  look at rtefinnancing options ....make sure to  review all the rate / fee options ....the  more you are willing to pay in loan fee ( points) the  lower the rate you can get will be 

Will you do a long term rental?