Thank you Grant Thompson!!! 

@Cody Gray Welcome!

@Tony Thompson Welcome!

@Adrienne Green @Chloe Kim This is a topic I've seen come up before that falls into a little bit of legal gray area, and I've seen interpretations of the laws vary widely.

@Phil Doleshal Read "Raising Capital for Real Estate" by Hunter Thompson.

@Anthony Thompson most of my deals/network is in Boston however RI is looking promising in a few sectors primarily STRs in Middletown, College/summer rental combos in Ganset (regulations are tough though) and rehabs/LTRs in parts of Providence

For me, that means no carpet, semi gloss white, cream or light gray wall paint.A renter needed...it will take 2 years of rental income on your tax return for many lenders to consider it as income.HELOC is variable while 2nd mortgage is more often fixed.

It’s now actually very tempting to buy a gray stone or brick 2-flat and convert it to a single family. $650K in and add $200K for rehab then sell it at $1.2M.

The repose gray suggested looks like it would be a good match (looking at colours on a computer).

@Amanda Thompson you should have shut down the conversation when she failed to answer your question correctly the first time.