Financing your second property can be tricky since lenders may only count 75% of rental income toward your debt-to-income ratio, so get pre-approved early.

How did you finance this deal?

Especially when it comes to the permit side of things.My initial plan is to ask as many questions as possible and to search for information so that I'm at least somewhat on the lookout for some of these snags. 

@Ricardo Lemus Most investors try to get the longest term on their mortgage that is possible, usually 30 years for most.

possible big upside for the current SAFE agreement holders.Brentwood.com is a current investor in Lazy Dogs LLC and wants to take it public in a few years. options usually are good for 10 years and at a current Valuation IPOs can go !

Our daughter lives three block from there and we thought eventually she possibly could move in there.

Putting less down may subsequently put you in a break-even scenario or possibly even a negative cash flow.

I would love to put my mom into a nicer home in a nicer area would a 1031 exchange make that possible?

I think the ultimate situation for what I described above (not the plan, but a possible outcome) could look like this:Rent main house by the rooms while constructing ADU.

I want to put the smallest possible down payment down with an FHA loan on a multi unit.