Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity).

Now 75% of legal ADU rent can count toward income to loan. 

Goal is to replace W2 income, initially. 

I want to use this post to give a little insight on why I love commercial investing.How The Property Value is DeterminedThe beauty of commercial real estate is that it largely only comes down to 2 numbers: Net Operating Income (NOI) and Cap Rate.

A no income no doc DSCR (debt service coverage ratio) would be a great option for you .

I'm financially stable with good income, low debt, and good credit score. 

(To increase income numbers).

@Tony Manning depending on the county there are programs to help with the costs, but requires tenant income restrictions.

You need to know the NOI so ask the seller for the income and expenses for the last few years.

Since I was a medical student, I've always been passionate about making smart investments for my future, and real estate has piqued my interest for its potential to generate passive income and build long-term wealth.