The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

Plus, if you purchase with an entity in a DSCR loan, it won’t impact their Debt-to-income or their personal credit leaving it available for their own personal homes. 

He would wait for people retiring with IRA type money and no food experience.

It was outright rejected and then a week later the sellers countered with $1.35MM and 6.5% seller financing.2023 rental income was about $90,000 but for 2024 summer only 4 weeks are currently booked for $25,000. 

Hi Josh,It depends on whether you will be needing the 20k saving, your income and risk tolerance.

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

DSCR loans primarily evaluate the property's income-generating potential rather than relying solely on your personal income verification. 

I have accumulated paper losses (e.g. depreciation) I’d like to use to offset my spouses W2 income.

These loan programs take your good credit, the property value, and the property income into consideration for what size loan you can get.As for your rehab loan, I think that sounds like it is pretty in-line with what I see for the two dozen programs we utilize. 10.5% to 12% with interest on drawn funds only is where I try to peg most client deals.

I want to get at least one passive income generator under my belt and then do a few flips for some active income. - my questions are: where do I start?