Unlike true multifamily, meaning the county or city has the property categorized as multifamily, you can't use potential rental income from the additional units to help you qualify (if the home is single family per the appraisal, that is).

I'd recommend keeping them separate for that reason. 70% LTV should be doable as long as you qualify (LTV can be affected by your FICO scores).

Some items typically needed to qualify for the loan are the following: 1.

If it needs that much work will a traditional lender finance it and are you qualified to get financing?

So I'm seeing units being held back for longer... sometimes months to find a qualified bulletproof applicant.

well that depends on you and your knowledge and your skill/luck etc and no one else. with stocks and with RE, sometimes you get the turn-around projects too, which can suck up your money and be losers or end up as huge winners, when the community recognizes the value add or the company turns it around.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Lastly, if the tenant does become delinquent and we have to file a claim with Rhino Insurance to collect their deposit, we're adding to the financial woes of that tenant and putting them into an even worse financial position when they wouldn't have qualified in the first place.Thoughts?

• Resources for Learning: We’re working on improving our deal analysis skills and would love recommendations for tools, books, courses, or calculators tailored for beginners.• Networking and Connections: Are there local Bay Area meetups or forums for new investors?

You might want to consider doing a house hack to help you qualify for more.