@Jason Carter I owned two B&Bs for years which provided a nice lifestyle and loads of skills none of which were transferable to a real life job situation.

If major renovation is needed, you may need to do a short-term Fix and Flip loan to renovate, then refinance to a DSCR once it is ready to go.  80% LTV is pretty typical for a DSCR, especially with your healthy credit score. 

I suggest asking for a rent roll that includes current tenant balance just to see how healthy the rent roll is. 

Think about your lifestyle and wealth strategy in relation to real estate.2.

Anyone thinking about home hacking will benefit greatly from your expertise on managing HOAs and how they affect various rental schemes.Ultimately, developing a plan that complements your lifestyle choices and financial objectives is the key to effective home hacking.

if the property is $100K and the rehab is $60K you'll need 10-15% down plus closing costs plus holding costs - conservatively 16-24K + 5-10K + 6-12K = 30-45K at leastand you don't want that to be all your savings... so you'd need separate savings and emergency funds - i'd want 25-50K depending on situation, lifestyle, etc.so 50-100K i guessbut that's just a horseshoes and hand grenade estimatethese types of questions are hard because we don't know much about you or your financial situation

"Passive" from a lifestyle definition is very subjective.  

I've only held the property a couple years but between the improvements for adu and appreciation, I think the structure and remaining lot will still provide a healthy LTV for the bank. 

Former Lifestyles trainer Steve Davis has started this and has some Dallas trainings and meetings periodically.

They have been responsive and professional, but the company is compensated by DST sponsors and I am harboring a healthy level of skepticism right now.Does anyone have experience with "Realized"?