Through the process of assembling a team, you will learn so much, and if you think about your time as money, the lunch hour or evening hour you spend googling 10 options to contact will pay off. 

Alltec is cheaper options out there, works fine with basic functions but certainly has limitation compared to other fancier ones.

What are my options?

Hi Nick, I've been reading for a year now that multifamily new construction has ground to a halt due to rapid increases in construction costs, insurance costs, financing costs and also due to mass overbuilding in 2019 to '23, causing huge supply in 2024 and 2025, which is now putting downward pressure on rent growth?

From the podcast it sounds like a viable option for cashflow, but I have no real world experience of the area.

.- Assuming you can pass the FHA self sufficiency test (very hard now with rates where they are, the new 5% down programs are probably a better option) you would have send a letter to your lender stating you would live in one of the units that makes up the zoning certification (legal units) for the building.

 - financing for ADU addition is typically far worse than conventional Fannie/freddie that would be used if you purchased the property. - the cost starts long before any generated income.  

If that’s not an option you’re comfortable with, pay the couple hundred dollars to have a professional photographer/videographer grab the walk-through so you have it as a permanent going forward.

He works for himself but idea our go to fix a flip mortgage broker @Joseph Chiofalo..check in with him for financing options which might help with budget and strategy.

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