Going to explore that route and see where it goes.

Me and my mother were looking for a duplex to house hack, we got approved for up to 500k but my question is I know with slim inventory and more of a selection on Single family homes I wanted to know if we are able to purchase with a standard FHA loan on a Single Family with a good size lot and and say couple months down the road turn around get a Renovation loan on the ARV with an ADU on the property to rent out due to the New laws for ADU have taken place I figured this will be another avenue to explore than just a duplex to house hack?

If it's cash flowing properly, they will see it as income rather than debt and you'll be free to purchase another property.You really need to talk to a lender to explore your options.

I’m in the early stages of exploring investing strategies.

Definitely need to look in that area and explore more

Have you explored with the City the possibility of bringing the addition up to code, having the proper inspections, etc so it could be permitted?

In the latter case, the per annum distributions will be reduced if there is any Return of Capital event.Let's look at some numbers to explore this difference.Say I invest $100,000 in a deal with a 7% Preferred Return after which there is a 70/30 split between LPs and Sponsors.

The information stage is exciting so its great to see you sharing that energy in the forums and gaining more clarity on your next action steps.I'm not too familiar with NC but I'm sure its a great option to explore when comparing markets with NYC.

A slight inconvenience, but workable.2) You would have to work with a second bank to obtain a loan for your new home, and accept a commercial loan, putting 20%-25% downpayment instead of the lower downpayment primary loans qualify for.or) You could explore owner-financing or private money.3) You would have to double up on insurance to be safe for the first year, because you'd want a second policy as a landlord since a homeowners would not cover renters.

After doing some thinking, I don’t feel comfortable trusting that this brokerage will be the best fit for me without exploring my other options to be sure.