That was a huge win to have immediate equity in a brand new built home in an A class location that still cash flows well!  

Make sure the space meets local building codes and safety standards.Market Research: Research rental prices in your area to determine how much you can charge for the basement apartment.

Build your own spreadsheets, do comparisons until you're blue in the face, walk neighborhoods until you're crippled.

So lets say the property is valued at 200,000 could a brand new LLC borrow 150,000 to 160,000 to purchase an investment property where the rent would be 1400 to 1500/month.Or since I own the LLC is it strictly based on my ability to get financed?

Big builders will build in tons to the price of the house to offer "closing cost concessions" or buy downs.

I wanted to share some of the cost effective ways I know of to buy building materials for your BRRR or rental. * I have a lot of luck with Facebook Marketplace.

I am trying to understand if they would be any challenges with purchasing a lot that has quite a few oak trees as they can't be removed as there are policies around tree removals. could i build a small office commercial unit of about 5000 sq.ft in this lot?

Hi Paul, You can use an SBA loan to purchase a self storage building as this type of asset is considered a business. 

@Sophia Boro, I think in many (probably smaller) municipalities that there are not good records with building permits, building inspections, etc.

Normally, I would expect to see all units prior to writing an offer and that is still what I recommend; however, my client chose to proceed without seeing the other units when prompted; presumably because the building was so new.First lesson: do your best to see all units before writing an offer.