She obviously doesn’t want me to work since that could put extra strain on my head( I have headaches most of the week).

I think Lender is trying to secure some points upfront and providing you lower interest so that you can get more cashflow. that's my assumption ... is it 5% annually or he is charging you 5 points upfront plus extras?

@Sebastian Leit its a great idea, but I think we would have to pay extra for it as owners.

I have homeowners insurance (I bought in May 2020) is landlord insurance much higher or is it an insurance you add for an extra prime?

Once you have a contractor who is willing to do the work, what's a few extra pages).

Adding extra bedrooms in a basement plus converting a garage gives you an up to code triplex so to speak.

Once you have a contractor who is willing to do the work, what's a few extra pages).

Even if it's vacant an extra month, the bullet you dodge is worth it all the way.

It could be a bit more as you may be required to bring in a structural engineer and have to pull extra permits.While it's possible to make money with this type of project, you need to be in the right place at the right time and I still find it hard to believe that you wouldn't be better off finding another property.

However, I intentionally chose not to pay off all my houses so that I’d still have money in the bank and could use that extra money for other things (i.e. buy more rentals, private lending, kids colleges, etc).So, as important as your values are, money is important too when it comes to investing.