I'm between miami and columbus and I value engineer everything.

It depends on where you are living, how long you think you will be living here, if 3 years is the minimum but a good chance it’s gonna be longer bite the bullet & buy, if 3 years is the max it’s probably better to just rent, regardless nothing will cash flow, the big benefit is locking in your payment, but the value of that depends on the timeline, as far a where that would really depend on your preference’s in price point, do you want urban or suburban living, how big a space, how nice etc?

House is valued close to 1.5 million. 

When you are screening tenants, never take what they say at face value; make sure they can back up their words with documentation.

most of what we are looking at is 8 stories and up and 60+ units with construction values around 15 million but minimum 10 million. capital raise on assets that size is 2.5 million to 4 million.

The property is a great deal so I'm hoping to refi down the road in the event interest rates come down to a reasonable value, then maybe repay most of the personal loan at that time.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Is it fair to assume that the added sqft from the ADU conversion adds value to the property? 

How did you add value to the deal?

Seller financing How did you add value to the deal?