While I was in talking to the second lender, he recommended that I re-finance the condo I am currently in.

So, to answer your question, adding a bedroom or a second living area would be your best bet--which would give you the most square footage you could get in one room.

Getting sellers to take out second mortgages.

Do you gauge expenses that show on their bank statements to see what other spending patterns and expenses they have (not as restrictive as banks of course, but the premise is, will the tenant be able to pay for the rent)Secondly, always ask to see a copy of their rental contract to the tenant, or better yet, if you have your own, ask if they will use yours.

The second loan of $50,000 is for the 20% down payment.

Second, have you considered other funding options, like a private money investor?

I have bought and sold a house before but we also used it as our primary residence, so we were able to just get a low rate mortgage. can't do that with my credit on a second non residential property.

.), I'm about to evict the second tenant in one building this year.

Remember, you just bought a second home.

People have the right to second guess you, especially since you're in charge of their largest investment.