This method will take the most effort on your part but will likely save you the most $$.

Every market is different, but I prefer this method in my market. 

students deserve nice places to live. we aren't trying to be slumlords but i do realize that students probably have slightly lower expectations than other types of tenants, so i feel we wont need to break the bank in the level of finishing details like we did on our own home but we will provide housing that is clean and safe and attractive. also thinking we can use some creative materials and methods to make the units party-proof. maybe we get lucky and find some long term professors or grad students and don't have to do annual turnover on every unit. even so, i budgeted 8% for property management after watching david greene's webinar yesterday.the heloc would allow for an easy down payment and a nice buffer for rehab, and i have 750+ credit score and good wage earning history, so i think a conventional loan should not be a problem to obtain. a cash out refi might be an option on the horizon if we decide to really crank a proper rehab but the units (from the pictures i saw) are livable as-is.should i be more specific here on the address/market to get better help?

It's a bit more expensive than Type M, what's normally used in ordinary residential plumbing. 

I was wondering what option would be more valuable for the res-sale of the home.Option 1: Take advantage of the long driveway and convert the two-car garage into a studio or 1bed 1 bath space. orOption 2: Keep the two car garage.I also considered finalizing the permits for the ADU space (since I will already by waiting on permits for the main home) and leaving it as a blank "ADU ready" with adequate structural, plumbing and electrical for the future buyer to complete if they wish.Thank you everyone for your opinions and I look forward to being a part of the BP community!

You can do no money down deals in real estate by using creative financing methods.

The bathroom and laundry hook are also built there, which I believe should have a plumbing permit.

Both properties I have put all of my own money into the down payment and closing costs but have been reading extensively on other methods since it's quite expensive to keep doing it this way.Well, that's the gist of it.

If you're using it to just buy additional property using a BRRRR method, then you would draw down the credit line and pay it back fairly quickly and get yourself back to strong cash flow again.

I’ve been learning how to deal with seller objections, trying different marketing methods, setting appointments, estimating repairs and formulating an offer, and learning more about the indianapolis market.