We focus on building multifamily and taking on house hacking projects.Phoenix has a water shortage so recently changed some laws to make guest houses or additional units more acceptable.The bottom line is, once you decide what area and what type of main house you want, go search for a good deal and then add a little value for higher rents. 

I'll DM you if I come up with any additional questions.Thank you Rachel

You will need to supply 2-3 quotes from different General Contractor's or licensed builder for all work.Some things that can occur are builder/vendor issues with lack of inventory, broken material, employee "no shows", date of completed work extensions, bad work, additional costs not factored on blue prints or cost analysis, delayed permits.Keep in mind any delays or issues will slow down your clear to close/funding date.

You can grow your portfolio here in addition to making your first investment.

I’m in the middle of paying off my car but I’m wondering if I should get another credit card.

Make sure you carefully evaluate the credit quality of this tenant prior to leasing to them.

If you have excellent credit, a track record owning rental properties, Loan Amount is over $150,000, you are the sole owner of the entity, and you have the reserves,  Most DSCR lenders will give you a great experience. 

However, I'm seeing SO MANY properties that are zoned as Single Family, yet they have 2 units - either a MIL suite or just an addition that's been built. 

I have a house with about 70-90k of equity that I’m looking to refinance out of the property. I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k. My monthly p...

This rarely ever happens but provides additional barriers.