@Aaron Landau  depends on the area but most areas it is not an issue when you are living in the house, it would be like a roommate situation.

Make sure all final permits are issued, and the approved plans and specifications are referenced in your construction contract.

While it is difficult and time-consuming to get approved, the main issue is that the interest rate will run well into double digits and, to add insult to injury, you get taxed on the interest you're paying and you're forced to take a life insurance.

Well I hope this does not turn you a way from BP you can be a free member .. the issue that comes up and as you probably know the private lender  /  HML  industry is full of frauds and scammers..

Can anyone recommend an attorney who can handle eviction/ejectment of squatters in Lacey-Olympia, WA area? How much is the whole process normally cost?

Hi Jack, I’ve currently got 25 units and it takes me about 4 hours per month to manage the banking/rent aspect of them, usually less than 2 hours per month to deal with the tenant issues and because I take it seriously and live close enough to all my properties to be able to visit them frequently I spend about 2 hours per week visiting each of them once (unless there’s a problem at one or more of them which isn’t often) for a total of 8 hours a month.

Not having boots on the ground can be a huge issue as well. 

LOL  Do homeowners who get work done have that many issues, too?

A lot of calls come in for furnace and A/C issue.

When you are investing in these lower income markets, you may have more issues with "cash paying" vs subsidized.