Voucher amount goes up with each additional bedroom, but so does wear and tear on the property. 

We have good steady W2 income and great credit scores.

Typically some terms you might see are minimum 660 credit scores, up to 90% loan to cost (LTC) and 100% LTC on renovation up to $250k.

Consider HOA regulations as they could pose additional risks, be sure to thoroughly review the Covenants, Conditions, and Restrictions (CCRs) regarding rental restrictions or limitations.Strength:Elderly tenants are inclined to move less frequently, resulting in reduced turnover.

In addition to the administrative streamlining, the key value is that liability incurred by one unit does not cross over and jeopardize assets titled in or allocated to other subsidiary units of the same Series LLC."

I reinvested all rents as well as some additional savings that would have gone to retirement accounts. 

I always request my property manager be listed as "additional insured".

If you will only have time for one property consider a really good management company for your current properties (assuming they’re in one area) so you can concentrate on your family and one new place just to keep your hand in.Pay for the new property by offering second place interests in your current properties in addition to a first on your new property.

Maybe doing a flat fee for the smaller unit and then crediting the main house might make sense.

With a mediocre credit score.