@Mikal MAxim   If your debt to income ratio including your rental income on the subject property is under 50% and you have good credit you would likely qualify for a conventional loan.

After a closer look into the disclosures, it turns out that the ADU (permitted, junior ADU) was being rented for supplemental income on Airbnb.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Is anyone experienced with the online management company Stessa? 

This property will lay the groundwork for all of your future investments, just think about how much income this home will generate over the next 20-30 years! 

If I tried buying that property today, the expenses would be significantly higher than the income and it would be a bad investment.

I know a guy out in Baltimore flipping and BRRR'ing in the lower income neighborhoods and making a killing, but he's got his system down solid.

Hey guysI started to do section 8 and i have a question lately i feel section 8 no paying according to the table sheet they have online in government website, they having appraiser do comps and paying as regular long term rental maybe a bit more but not tremendously. i called them , emailed and all but that is their strategy now , so i asked why they put wrong info on website, seems like they want to lure Landlords lol ..for example https://dhantx.com/wp-content/uploads/2024/01/FY24-Payment-S...You can see zip code 76227 with 5 bedroom showing $4921 (less bills $500) so its $4221.but actually people getting $2800-3000 how come it is ?

Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans

The process must also be continually improved as new technologies come online, laws change, bottlenecks are identified, etc.