One key advantage for both your owner-financed primary residence and potentially the single-family home, if it's not your primary residence, is the mortgage interest deduction.

This is where you can really gain some sweat equity and potentially have better tenants over time.

I recently came across an interesting situation. My wife and I noticed a home being built sometime around a year ago. The home is finished part from the ( cabinet door and drawer fronts, countertops, baseboard, final ...

Hello everyone,I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.Background:Purchased a duplex in Roosevelt, UT for $210k, invested $20k+ in renovations.Currently valued at ~$275k with a mortgage of $197k.Planning to leverage the equity for a new project in Bear Lake, facing a housing crunch.Proposed Project:Partnering with my grandparents, who have $300k cash and a half-acre lot.Aim to build a quadplex, estimated cost: $1,000,000; ARV: $1,200,000.My contribution: $50k cash, project management, and labor (potential savings of $150-200k).Financial Breakdown:Total initial investment: $450k ($300k from grandparents, $50k from me).Required loan: $450-500k for construction.Post-construction plan: Either buy out grandparents or rent units for 2-3 years, offering them 5-8% annual return.

I understand where your agent is coming from, turn key properties are potentially less risky for beginners.

To get a good renter your best bet is to roll the utilities in and use a cap beyond which they contribute to utilities cost. 

Do you own the property or are planning this into a potential purchase? 

Since some of your clients could potentially be investors, you could start developing some relationships there to assist you down the line.  

Your best bet would be to contact a local Registered Architect to do a zoning and feasibility study for you.Best of Luck with your project,Alex Furini, RA

Then, potentially either straight up sell if the profit is there, or move into one of those units, take the leftover money, and keep doing this.Obviously, the numbers would have to make sense, and that's what I'd have to learn.