It would be even better if we could get it zoned to rent out the house as a 3/2 and separately rent out the ADU as a 1/1.If anyone that sees this has done something like this in Columbus, we would love to get any info on how the process went, how much did the permits and inspections cost, etc.Also, if anyone knows whether or not we could even rent out an ADU through sec-8 that would also be helpful, as we will definitely consider using sec-8 to rent out the property if it can get us higher rents.We are going to be contacting the city's zoning dept right away to verify with them that this would even be allowed at this address, and to try and get a rough estimate of how much permits etc will cost us.

While it’s great being a bank, there is a downside when a borrower defaults, and you have to go through a lengthy and arduous legal process to foreclose, which most likely the lender has never done.

Next, pick your plan for investing.

I am planning to add an outdoor sauna for this new property.

Would someone actively be reinstating it or is there a multi step removal process and we are not actually getting through the entire process because we are only talking to the folks involved in the first step(s).Are there any keywords you can mention to the support staff to try to get someone more helpful or do you just keep calling until someone knows what they are doing? 

My current home was a duplex at one time and I was planning to keep it and rent it as one.

We spent 10 months planning with architectural, structural, builder, city permits, etc. 

Based just on your DSCR calculations, it appears this property is significantly under-performing, or if it is operating well, then it is significantly over-priced.If your plan is to reposition the property, then you need a bridge loan or private loan to acquire and manage the property. 

Also, keep in mind your criteria and process need to be consistent for all applicants.

We plan to sell this home and buy a new primary residence next year.