we did the first 3 in a 18 month period we used internal funds so no debt.. these were 350k to 400k all in projects.. so U need cash to be a spec builder or you need investors if you dont have cash..

You can bypass the longer seasoning requirement with a debt service loan. 

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?

Those areas will eventually cashflow as you pay down debt but definitely not in year 1 Thanks for the response!

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I’m not entirely sure I’ll ever be able to get her on a mortgage because she’s just so adverse to having debt.

I think there is value in ADU as long as it is legally done and can be legally rented.On the sale side a benefit can always be an in law suite.

But the road crosses 3 other properties for which there is no legal access.