I’d just have to figure out how to come up with rehab costs, and learn about seller financing a bit more within a short time frame.

Accidents happen and grills and fire increase those odds but that is what home insurance is for that peril.

The shorter the prepayment term has an impact on increasing the rate.4.

There are many more of this type of property in Durham as older homes with basements are still price accessible.To make it a "legal" or permitted duplex, the process is definitely cost and permit intensive, and in most cases may require you to use a GC or similarly licensed tradesman for parts of the project.

I don't think it's necessarily a bad investment even if your costs exceed your income in the year you're starting out.

I will have access to ~1M in cash for down payment and closing costs (I would also have reserves, separate from this capital).

I didn't predict the latest **** coin or invent some crazy business; I just house hacked a few properties and increased my income slightly by leaving the military for a better paying government job.

How much does it cost? 

I know it'll significantly increase the value of the property by making 4 total units on the lot, but refinancing out of my 3.75% interest rate seems like a huge bummer.Thanks in advance!

Investing in Stowaway SS appealed to me due to its stable demand, lower management costs, diverse tenant base, scalability, resilience during economic cycles, and potential for generating passive income.