Hello everyone I’m back again with more questions and a little bit of an updated plan as I’ve been doing some research just want some feedback and possibly some motivation stories appreciate it ahead of time.I’m 21 working like a mad man at my day job picking up as much overtime as possible and listening to podcasts all day while I’m there learning on the clock as well off the clock I make decent money (not enough to raise a family on) so my plan is to use the BRRR method & house hack a duplex - quad and buy and hold long term and eventually go commercial with big apartments so I can have all units in the same place i don’t have a team at the moment nor have I contacted anyone as I don’t have a need for them yet I’m still in my accumulation phase (knowledge and capitol) My questions areIs there an equivalent to a 203k loan that’s conventional I don’t want to have to deal with mortgage insurance forever?

@Nathan Wells, we are converting our 2nd this weekend! 

After that you can convert it to a rental without requesting anyone's approval or doing any mortgage paperwork.

Tacking an upgrade like that on as the condition of another upgrade might be the city's way of making sure that eventually, everyone has a hardwired alarm system. 

Anyway, my long point of this is there are many factors to your eventual revenue once you get started which include but are not limited to: Location, Beds, Reviews, Amenities, Customer Service, unique guest experience, etc. etc.. 

My intent is to build a business that I can eventually hand down to my child.

I really want to own plenty of rental doors and eventually get into larger multifamily properties.

Eventually the population will be forced farther and farther out. 

I saw the old high school that was converted to an 11 plex on loop net.

My Wife and I are looking for a home to House Hack, but with a limited supply of Multi Unit Properties in the Area we have been mainly looking at Single Family homes.One idea we've had is to convert a Garage into a second unit, my question in this regard is will it decrease the value of the home in the eyes of potential renters if there is no Garage?