It seems like returns would be low to non-existent with interest rates where they are...

if they told you, i wouldn't deny it if it's an overnight or two or just plain visiting.Denying it would make you look like just an ____hole. 

Or would I be ok with another rental and enjoy the income..Would like to know from people who did their own development and was it a game changer to their business profits?

Scott, let me know if you would like to discuss options with Lendmarq Capital and set up a strategy call.

So I don't know why some people were automatically opted in and some like me were not. 

It seems like we could get a down payment for a new, cheaper property and some passive income while also saving the buyer money. 

hi, stick to the lease. it’s his responsibility, he sounds upset because you raised the rent (if he doesn’t like it, he’s welcome to vacate) 

I guess I like the aspect of having an experienced investor to guide me through the entire process.  

The easiest way to think of the draws is like a reimbursement where after you complete work on the property, the lender sends out an inspector to confirm that work has been completed then gives you funds according to what has been done.You should be using a lender for the purchase as well since purchase and rehabs offer the highest % of purchase price.

You’ll likely qualify for better interest rates and lower down payments with a conventional loan in your personal name.