Usually expired listings, tax lien or simply folks wanting to get rid of something they never built on.

Keep in mind, if that property is rented, you should be able to use a portion of the rent for your debt to income calculations. 

Even if the blended rate is higher than a cashout refi in the beginning, you can pay down the principal on the 2nd with your excess income while keeping the 1st mortgage in place as is.

Hello,We completed 2023 with Insite Tax & are hoping to find better services for the money.

Prices are high and with Hawaii STR taxes it's a lot tougher than first glance.

Some of my best tenants have been very low income or Section 8. 

The tax exemption benefits are useless to most of us foreign buyers and a pure marketing tool used by the local developers.

Ensure the DSCR calculations work with the high LTV and your credit score, especially if the lender won't use MTR or STR income.Lender Criteria: Some lenders won't work with new operators, some only use market rent, and others will use STR estimates or income statements from property managers with similar properties.I hop the bullet points make it easier to understand.

I've included a preliminary floorplan below.My goal with this ADU is flexibility in terms of renting it out either short-, medium- or long-term rental in the future for income, as well as maximizing resale value (main property is 1300 sq ft 3/2) to someone probably with an investor mindset who would want to house hack.My main concern is whether it's a good idea to have 3 en-suites at the expense of having a small living room/kitchen area.

I plan to one day aquire apartment buildings for rental income.