Also there are weather issues with Indiana winters and pipes possibly freezing, thunderstorms and hail damage2) Knowing how long to hold onto a property, 1031 exchange it to another property or DST, or in some cases sell it and pay the small capital gains tax (if any) to have less headache. 3) Underwriting the deal incorrectly (factors: local appreciation, rate of rental increase, economic growth, gentrification of area) and being overly optimistic (a renovated 100 year old home is still going to have problems).

Consider seeking legal advice or consulting with a property management professional for guidance on how to proceed with the eviction process in accordance with local laws.

If I were you I would first check to see if you can build an ADU, then consult with 2-3 reputable builders to get ballpark pricing for a similar structure to what you have in mind.

DSCR loans deal with the amount of rents the property will throw off minus insurance and tax liability. 

I'm going to have to crunch a lot of numbers for the loan, property tax, maintenance (which should hopefully be low on new builds), and I have to figure out how to obtain an insurance policy for the units. 

Not sure what new tax laws bring to the table.

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

We were even able to save the borrower from paying the hefty NYS and NYC recording tax by arranging for a CEMA with the existing note.

Washington state’s capital gains tax, passed in 2021, imposes a 7% tax on any gains of more than $250,000 from the sale of stocks and bonds, with some exceptions.

Tax Benefits: Florida has no state income tax, making it an attractive location for investors seeking to minimize tax burdens.5.