Newbie here.I’m curious of a possible situation where I build a small 2 bedroom guest house in my back yard for a short term rental.

Hello, before I give my story, my wife and I are looking for a 1-2 bedroom apartment we have a monthly budget of 1750, we both have poor credit, my wife Ariana, Graduated from Brown University last year, she will be 48 in May this year and is currently an Operations Manager II at kent hospital through Sodexo, she makes 75k a year, and approximately 4500 after taxes a month, she has no criminal history, as to our poor credit, we had to choose between paying our rent and electricity during covid, or pay our credit cards, we have never missed a rent payment, and have lived in the same residence for the last 4 years with no issues, we are looking for an apartment because our landlord wants to renovate his building. with that said...I am writing to proactively disclose information that may appear on a background check.In 2009, I was involved in an incident that resulted in a felony charge.

Did you build the corporate credit up also?

I dont plan on building anything on the property, if and when, it gets rezoned.

Fingers crossed. ask the building department / licensing division if they have any programs for people screwed over from licensed contractors.

The real benefit of getting started with these kind of properties is the equity you build.

Goal: Build a passive income from rentals that will allow my husband, my daughter, and myself to live on mission for Jesus Christ.

The plan is to get the home producingincome and then begin dividing the 20 acres into building lots.

We're trying to find an ethical and equitable solution that would help them and help us redevelop the building. 

Let’s start this journey together and build wealth!