The reason for this is, my understanding is I cannot loan a down payment?

The additional income from the ADUs will easily cover the cost of the loan and produce really solid cashflow.

Just out of curiosity - has anyone heard of lenders declining new borrowers for assumable loans, even with strong qualifications?

Hello, so I've seen that FHA loans do not like you to rent out your property until after you've lived in it for a year, and then even then, they seemingly are not compatible at all with short-term rentals (under 30 days), like for Airbnb.

Utilities have been pretty finicky so I finally have everyone moved to a flat fee, which not being on a flat fee caused some hairs to raise with the middle tenant. 

So we have a networth so far of:104k - 15k = 89kBut, we depreciated the property for 2 years at 3.7k/yr total 7.4K taxable amount  which we would owe about 1.8k at 25% tax rate (I might be off a bit here and there)Final total net worth from what we thought it was 120k now is 87.1k which is a big difference!

Most newer investors will input the numbers to the best of their ability but fail to consider how each input has varying levels of effect on the final return numbers.Experienced investors develop a deep sense of sensitivity and may not even need a model for them to know where the greatest risk points in the project are.

If you have an FHA loan on the Duplex you need to have lived there for one year.

Also I know that some lenders have an issue with making loans if there are more than 2 layers of roofing over the deck- this would make you have 2 layers if you do not remove the shingles.

I had a great lender who was able to brainstorm options with me being newly self employed to get me a DSCR loan.