Hello, I currently own a single family house with an ADU, and a duplex. I have house hacked both properties while updating them. I’ve done my research with (reading books, podcasts, etc) but still feel like I’m not do...

Hey @Justine Gamble!

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

There is a gamble there that the second appraisal comes in at or below the first.

Its really a gamble that you have to be prepared for. 

Finding off-market deals and putting a fair bit of work into them.Our typical deal today we're doing goes for a purchase price of around $50,000 - 60,000 and will require $20,000 - $30,000 in rehab.These are general averages, of course.Then you're seeing appraisals in the $90,000 - $120,000 range. 

Adhere to the Fair Housing Act and ensure that all applicants are treated equally.

No one has that answer, but I'm fairly certain that nearly everyone would agree it's longer than a year, and it seems that's all this capital call gets you.Next, consider why the lender is willing to make this extension. 

Looking for high equity growth areas is a bit of a gamble.

At any rate it is possible, but depending on your appraisal it could be a gamble