When you’re starting out, especially when you’re starting out, you should have a clear idea of what the financing will look like.Oh, and if I call someone like a lender and ask a dozen questions, I immediately follow up by sending a $10 gift card (usually Starbucks) and thank them for their time.

For two identically-designed policies (same premium, same death benefit), the IUL will generate more cash value over the long run than the WL.This is a good primer on Life Insurance that explains the REAL difference between WL and IUL...https://www.biggerpockets.com/...Good luck!

Since the lower unit is designed similar to a walk out basement, I think it may stay cool enough in the summertime to not need A/C.

I am happy to buy lunch (or send an online gift card if distant), I'm pretty good with computers, coding, and business/system processes, I worked quite a bit as a laborer earlier in life so I'm happy to help with some cleanup/construction and have my own tools, and am also willing to throw down some cash if needed.

However, the home was made in 1926, and with some unexpected surprises and design decisions, the budget expanded to end at 135k.

You also aren't able to get a gift for investment purchases on conventional loans.

@Jacob Ostreicher - I have a real problem with the way many landlords treat section 8, so what follows may seem a little harsh, but I would warn against this kind of strategy for three reasons.1) Section 8 is designed to get good people out of bad neighborhoods.

I've been looking into the low income bonus ADU program and it seems if you buy a reasonably priced SFR with a good sized yard, you can construct at least 2 but up to an almost unlimited number of ADUs in a transit priority zone if you designate 50% of them as low income.

I am very handy myself, and have plenty of experience with repairs, flips, design, etc. 

DSCR loans are specifically designed for real estate investors and are based on the property's income-generating potential rather than the borrower's personal income.As for general advice, it's important to have a solid understanding of the real estate market and investment strategies before making any big decisions.