Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.

Not sure if hard money would be the correct route to go for this one or notHey @Scott Allen I generally run the initial underwriting to minimize the developer's equity (@Shayan Sameer) based on the max LTV % or LTARV % that the handful of HMLs that quote me on my deals.

Since you are living in the property, you probably have developed relationships with an electrician, a plumber, and a general handyman, if you haven't reach out and meet a few now, while you are in the home, so that you can easily make a call or two when it will be necessary.

I recommend familiarizing yourself with your local landlord and tenant laws, while also developing your own "screening criteria."

The analysis also reports that new multifamily development will “remain near the average recorded over the past five years”.Integra Realty Resources’ 2017 Commercial Real Estate Trends Report ranks Pittsburgh #2 on its Top Markets by Multifamily Transaction Volume Based on YoY Change.Pittsburgh’s rental vacancy rate has declined by 25% over the last five years.Pittsburgh is booming with developments (see reference #6), “there is no better place to be a developer right now than in Pittsburgh.

I focus on finding deals that meet specific criteria, and I always keep my underwriting conservative to make sure the numbers work even on a worst case scenario.Right now, my big goal is to land my first property, ideally 20+ units in Florida, and build a strong portfolio from there.

There are many reasons that adding a single ADU in southern CA is a less than ideal RE investment (i will post a list at the end) but the negative initial equity is a primary reason as the initial negative equity position consumes the initial cash flow and can take many years to recover.As for converting your home to a rental….

My ideal location would currently actually be Augusta, GA because I really want to start somewhere with a very low crime rate. 

If you are not attached to the duplex, could be a good time to sell to developers who want to convert to individual condo units.

I'd ideally like to do this process and not cost much money, but having a good roommate does matter to me.