Split level, basements, converted garages are all ways to create more income and separation.

They need to be cautioned upfront that upper level units have an expectation of them being respectful of those below them.

To really understand it you have to be incredibly familiar with how all lines of the balance sheet, profit and loss, and statement of cash flows interact, which most people simply don't, particularly at the level of specificity required for a huge firm like this. 

Obviously there are more items to consider when refinancing like interest rate, term of the new loan, long term strategy of existing property and new property, cost of refinance, etc... but the above is how I would think about refinancing at a high level.

Need to be more creative for that : )    They offer it in a level that cost 1,200/month. 

The benefits come in two different ways:- You will get to deduct the interest at the new activity level.

Big banks will not fund a distressed / fixer upper property.  

It doesn't pay tons, but is honest work and the pay is a little better than most other entry level manual labor, and I can work as much and whenever/wherever I want.Also, I don't work with just one app, but quite a few of them(Instacart, Doordash, Grubhub, Uber, Amazon Flex...) and my income is fairly inconsistent in each one of them, but at the end of the day, I usually get pretty much the same pay every month(4.5-5.5k).I decided that in the near future I would like to get a small multifamily and househack to get started in the RE investing world. 

However before I signed the offer I was actually able to go look at the property and found it has a couple issues like bed bugs in the upper unit, a sinking toilet, old furnace and some leaking sewage in the basement as well as all the windows needing to be updated and a couple new doors.

He had researched various properties in his neighborhood that were on the market and advertised as fixer-uppers.