Yeah, it is based on the state's regulators.

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?

Could any of you guide me on what I should do initially to secure financing?

I probably saved 200k on this particular project.

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

Could they have fetched double that on New Year's? 

On insurance side of things, there is a lot of variables.

Yes, operations is a big part of that, especially for anyone that wants to be a business for the long-term.If I were you, I would be talking to office brokers about partnering more than an online forum.   

I am currently working on phase 2; building 2 ADUs.The permits are already in the works but the biggest question is what is the best approach when funding these 2 ADUs BEFORE I have the equity from my home?

Hi Lianne, did you close on the property ?