Hi Adam, we have access to a few landlord programs that are very competitive with rates and coverages.

Rashad, you’re in one of those classic “NY/NJ tenant-aid program limbo” situations where everyone keeps punting the ball back to you.Here’s the simple breakdown:1.

Take care of your VIP clients that refer or transact multiple times.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

But even that’s flexible — some programs let you use a second lien loan to bridge that gap.This is one of the smartest ways to get into real estate in 2025 — especially if high rates have been holding you back.

You mentioned 20k finder's fee (is this for each property sourced or a one time fee for their program/etc), 10% maintenance fee on gross income, $18/SF design fee.

Quote from @Tabitha Grant: Quote from @LawRosa Hart: Hi @Tabitha Grant,A lot of coaching programs aren’t quite what they’re advertised to be, so if you decide to do one, make sure it actually teaches what you need.

We use one of the many cloud-based rental collections programs that are out there.  

Not a lender that "has done one before" or "does them sometimes"The problem is, people will work with a lender that says they're familiar because they want your business, and the 203k is the type of program where you'll only find out they messed up when its too late (about to close, 30+ days after contract)From there, the next important thing is to get a 203k consultant into the property immediately after going under contract/accepted offer. 

Some lenders even offer programs tailored specifically for ADUs with competitive rates and flexible terms.The incentives your county offers, pre-approved plans and rebates, can definitely help offset costs and improve ROI, so it’s worth factoring those in.