You also have to take into account the local / state landlord laws...especially the ones coming down the pike in CA's November ballot --> "Justice for Renters Act" Not sure if it'll effect STR or MTR but as a general rule of thumb, I don't run numbers on best case scenario.

There are some construction loans that will fund up to 90% of the build costs with qualifying income but again my debt is just so high because of these other mortgage payments on my credit.Somebody help give me the answer I'm looking for so I can create this unique stay!

I know that there are some cost-effective callers out there but would be willing to spend a bit more if it produced better returns.Thanks!

My primary goal is to discover the most effective advice on how to commence with limited resources.

Once you have a modern system I highly recommend the Honeywell 9000 series wifi thermostats!

Median property prices are about a third below the national median, rents are high - the Milwaukee rental market is the most competitive in the US, second only to Miami, FL (according to Q1 2024 report from rentcafe).

Establish a high standard screening process, and stick to it.

If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then. 

For clarification, my husband is a high income earner and I currently stay home with the kids.

Hi @Calvin Peterson I don't have any websites for you but I highly recommend my good friends @George Munoz and @Mike Barone.