I was thinking of using these funds for the closing costs instead.

When is a good time to have a free and clear property verses a property that has a mortgage. 

Feel free to ask any specific questions. 

Feel free to reach out to me anytime with any questions in regards to construction loans

There is tons of information right here for free to help you find a market for your where the numbers work.

We have had a Strctural Engineer out to the property and while we don't need to conduct repairs within the next 5 years or so, we will need to address both of these things at some point and it will likely cost us about 100k.Any advice on selling or holding for the long term?

If you have any questions or need any resource on this topic and niche, feel free to DM.Hope that helps! 

This change is significant for the financial feasibility of ADU construction in Chicago since water service costs can be more easily justified when collecting rents from two additional unit.Also proposes to allow larger units and to allow ADU construction in any zoning designation.

We just listed a single family for $2,450 two days ago, which is pretty high for us and no shortage of applications.

And while the borrower doesn’t have to come to closing with this money (it’s rolled into the loan) it’s still there – making an FHA loan have higher costs and higher APRs because of it.Are there any other differences between Fannie Mae and FHA?