There are specific requirements that need to be met in order for an ADU to be legally classified from a lenders standpoint.

Just wanted to say to make sure you're careful as you look for properties since VA loans have some stricter requirements for 2-4 unit properties, where they need to have a separate water and electric meter for each unit.

Most lenders typically require at least 25-35% down on Mixed Use Buildings. 

@Daniel UlieHe could be doing a deferred sales trust which requires him to put it in a trust first.

That would be a very good way to start off because of the lower down payment requirements and the better financing terms.

As you do your financial planning and requirements ask your CPA to walk you through this.

But, a buyer has the interest at risk, his lender requires it, the policy pays him for any loss insured, so why would a seller pay it?

Needing some support here, about to close on our second property and our lender is requiring a Letter of Intent to Occupy.

It's not and requires resources to be successful at it.

If that job required me to take a pay cut, to what extent do you think the value of experience could outweigh the loss of income?