Conversely, you will run into people on your list that just seem to be a waste of time, so you’ll want to avoid them.

I have connections with an experienced building & financing team and would love to keep the conversation going!

@Michael Mainini you have options and renting could be a good choice if your interest rate is low.

Mixed-use developments and spaces that can easily transition between commercial, residential, and retail uses are gaining traction.Key Takeaways:Design spaces with adaptability in mind to accommodate different tenants and uses.Consider mixed-use developments to diversify income streams and reduce vacancy risks.Strengthening Tenant RelationshipsBuilding strong relationships with tenants can lead to higher retention rates and stable income.

I decided to raise their rent $500/month, even though market rates for comparable apartments in that area are $200-$600 higher than that.

You can potentially look for "hard money" lenders which will typically have looser barriers but the rate and fees are going to be much higher than conventional. 

Bringing income total to 4600-5200 to cash flow around 800 before doing a hopeful refi if rates drop 🤞🏾.

First What is your interest rate?

For an ADU conversion that's way too low.

What are rates looking like lately for something like this?