Take your yearly net income (rents - applicable expenses) from this ADU and divide by the appropriate cap rate.

The perk of the HELOC is that you'll have access to those funds for years which is great if you want quick and easy cash offer opportunities.~ Lindsey

Honestly some of the best borrowers I have worked with (10+ flips in the past 3 years) do not even do 90% LTV.

Hey Jesse,So if you're going to be in Miami for four years or more. 

My company does over 30 DSCR loan transactions a month, so I definitely have a lot of experience with that program.Mid term rentals can be tough, but they can be done.LTR (long term rent) is easier for DSCR, that would be a traditional 1 year lease tenant.I'm very familiar with the OH state market, if you have properties in mind you want to purchase, they most likely will qualify for LTR so you can do a DSCR with 20% down. 

I did provide yard maintenance at his request when I first took over the property. about 1 year ago. 

I send tenants to collections because I get the comfort of knowing it sits on their credit report for many years and prevents them from getting loans or cheating another landlord.

Quote from @Laura Krukowski: Hi Elias,That particular loan has been paid off in full but it hasn’t been quite a year. 

A normalized FED Funds rate might settle around 2-2.5%, but reaching this level could take 1-1.5 years of rate cuts, depending on inflation, unemployment data, and other economic indicators.ConclusionThe current distress in the multifamily market presents a significant opportunity for mezzanine debt and preferred equity investors.

Theresa not really accurate.. see my answer above things in the title and escrow world have changed dramatically in the last 10 years or so..