I also make sure to specify in the lease agreement that I need proof of coverage before move-in and that the policy should name me as an “additional interested party.”

I just put one for rent for $1700/mo - and received 14 inquiries in 12 hours.

I've also leveraged their webhooks to automate additional things on my end like setting the thermostat to the appropriate temperature an hour before the guest check-in and turning it off after they check out.

I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and an additional front door.

Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.

Additionally, many states offer property tax exemptions, significantly reducing expenses.

Just one additional option.  

I've received apps in the past where this was the exact situation only for the borrower to not qualify and be stuck. 

Additionally, as stated above again, the projects that I was taking on were purchase well below market value.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.