I’ve dedicated this year to organizing our pursuits and finding ways to hand off small tasks to others by subbing out the work on the flips and hiring our first employee.

@Kat He Anything is possible im appraisals is what ive learned over the years working at my appraisal firm. the appraiser can treat it as an amenity but it would likely be very hard to find comps or he could treat it as an extra bedroom/den/office and do a single line adjustment for the functional obsolescence of it being outside of your actual unit.

USDA regulation §3550.57 states "Existing dwellings must be structurally sound; functionally adequate; in good repair, or to be placed in good repair with loan funds; have adequate electrical, heating, plumbing, water, and wastewater disposal systems"My question is more on the specifics of some of this language.

there are a few lenders in southern CA  HML ers that will do owner occ.however other parts of the story probably preclude it from any organized lender.maybe some private lender would take a shot at it.

“Best site” could be a function of location, size, price, capacity for development, air rights or any combination of those factors. 

Both water heater and heat pump are around 18 years old though are functioning normally right now.

Basically equity functionally is your slice of what you own on a property - right? 

Helping Hands for Housing is a tax-exempt 501(c)3 nonprofit organization that provides housing to homeless veterans in the Dallas-Fort Worth area.The best way for our nonprofit organization to acquire homes where our Veterans can use their housing vouchers…..and how you can make some money and get huge tax credits.Obtaining the properties for HELPING HANDS FOR HOUSING is the most difficult part of our process, so I have outlined some plans to accelerate the acquisition of the homes.If you would be willing to participate:We find a discounted house, arrange for you to buy it at the low price, then at the same closing, you sell it to our nonprofit organizationYou will receive substantial tax credits—(both corporations and individuals are eligible)Helping Hands for Housing obtains the homes at discount ratesYou make money every monthHelping Hands for Housing makes money every monthMost importantly: our Veterans have a safe, affordable homeAs you know, if one has cash readily available, houses are easy to purchase at a steep discount.

It was a newer home, that had all systems functioning.

I do plan to do a few BRRRRs just to have done it, but high functioning residential multi family has done very well for me so far.