Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I recommend a broker that works with over 220+ lenders so they have more options than just your one bank.

I would review your PM agreement you signed to see all the terms and conditions you agreed to and how the money flows and if you are required to have an account with them with a min dollar amount for emergency repairs (usually $500-1000).

Have them apply with a $50 app fee.

I live in Tampa, FL and we just got hit hard with Hurricane's Helene and Milton...Hurricane Sara is lurking out there.

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

The property is unique so you would do well with families who also need to WFH so insurance displacement would be ideal.

You are playing with fire with this strategy to start, but then when you count in an inexperienced rehab to rent a year later, I would earmark this for disaster.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

LTRs basically do not cash flow at current prices with conventional rates.