Additionally, I’m assuming $100 for monthly insurance, a $50 bill for sewer, and $110 for monthly property taxes.

Additional dwelling unit build company near Olive Branch MS

I’m a homeowner in Henrietta Township (Pleasant Lake / Jackson County MI) and I’m debating selling directly to an investor instead of relisting again.Property: 104 Clyde James Dr, Pleasant Lake MI Ranch home approx 1,688 sq ft 2 bed / 2 bath Well & septic (septic about 2 yrs old)The house is livable but is a work in progress and would likely need additional updating and finishing work.

In addition, speak with a cross-border lender and tax professional early to avoid surprises with U.S. and Canadian tax obligations.

I need some feedback on what I should do.Loan Details:Amount requested: $150,000Interest rate offered: 9%Payments: Interest-onlyMonthly payment: = $1,125Term: 5 yearsNo prepayment penaltySecurity:Personal guaranteeSecond position lien on a property in FloridaProperty value approximately $300k ( 85k in equity)Purpose of the Loan:The funds will be used to consolidate existing debts into one structured payment, improving overall cash flow and simplifying repayment.Why This Works:Predictable monthly paymentsStrong incentive to refinance once equity increasesLong-term property ownership provides additional stability

I instantly think this maybe a good way to make additional cash flow.

I'm currently looking at a DSCR for the additional funds for renovation. 

For rentals, the building usually drives the income — not the land size.A larger lot can have some upsides like future expansion potential, more privacy for tenants, or space for additional parking or an ADU if zoning allows.

In addition to BP, you may also consider attending local REIA meetups and investor networking events in Middle Tennessee to expand your connections.

NOTE- Many markets have multiple Agencies providing housing based on the Title IX funding and HUD's voucher program, but MAY have slightly different, or additional, forms.