Although be aware that some cities/counties will not allow you to turn your garage into 'living space' if it doesn't meet certain criteria to begin with....such as structural and slab issues.

@Jake Faris keep in mind that if you change the structure of this property, then the lending options change too. 

I would appreciate any validation or (constructive) criticism of my thought process!

Currently, my role is managing all the systems and processes for our company and when the website was made it was all tech-related systems, now it's the entire org so I need to update it.

If seller want to sell it much higher than market and take a chance that the buyer walks away from paying his mortgage - he will want money NOW….not the structured payment as Pace described. if you have few extra K’s to lose - go do your due diligence and use the $$ as a downpayment on real property 

Is it a laborious process as a lender to get these loans approved?

Hey all,Does anyone know how @tcruznc on tik tok scaled his portfolio to over 300 units in such a short period of time and didn’t get over leveraged in the process? 

I have something coming up near there, and thought I'd be done with it now but financing and deal process has been rough.

@Alejandro Ferrer Im in the process of switching all my oil furnaces over to new propane heaters with new meters.

In the meantime continue saving more money and make sure you are using your credit meaning make sure you have a credit score because when you actually begin applying that's an important part of the process so that lenders can see you are responsible at paying off any debt.