Have you considered doing single family with a mother in law suite or accessory dwelling unit?

It is a 1950's cape with a detached accessory dwelling beside it.

It is a 1950's cape with a detached accessory dwelling beside it.

The home was purchased with a 3.5% down FHA loan 8 months ago and now the LTV is already at 89% because home prices in our neighborhood are skyrocketing.Two options give us very similar monthly payments but the advice I am getting from the lenders feels one-sided and untrustworthy. 1: The FHA refinance guy is telling me that the FHA streamline refinance is clearly the better loan option because of tax credits on PMI and the fact that we are not at the coveted 75% LTV mark yet.2: Another lender who suggests a conventional loan is telling me that it's way better to get out of an FHA loan at a low rate so that the PMI can fall off at 75% LTV and still be locked in at the low rate.Ultimately we plan on keeping the home for a long time but we want to make whatever move is likely to set us up for the best financing opportunities when we're ready to purchase our first income property (hopefully later this year).

Go to airbnb.com and look up area 2 bed places and study the decor;  paint, furniture, accessories. 

Other areas to consider are Crown Heights, Weeksville and Flatbush.The best property type to target would be a multi-family with an accessory unit (i.e. full-finished basement/garden unit).Best of luck to you moving forward!

Greetings BP. We are embarking on a project in Brantford, ON where we will be building an ADU. I'm looking to get some feedback from people that have done this in the past. What successes/failures have you had? Can yo...

I'm hitting a wall with an appraiser who refuses to value an ADU (accessory dwelling) on a SFR I'm trying to BRRRR.

This time I'm really waying my options to buy another turn key MF or really search to find that coveted under valued house/MF to force the appreciation, then refi again to use that to buy another.

Does anyone know about how much it would cost to tie water/sewer/electricity to an accessory dwelling unit a few hundred feet away from the primary residence, or would this vary heavily depending on the situation?