We have an existing 5 car garage which I plan on converting into two ADU’s, and an existing 400 - 500 sq.ft conditioned space that is currently not being used for anything.

They will also require an unexpired passport and bank documents converted to English if not already in the language and foreign currency converted to U.S. dollars.

I am in the process of moving to Austin from Dallas but wanted to convert my existing primary into a LTR rental while managing the property remotely from Austin.

The intent is to convert the storage unit into a J-ADU, and the 5-car garage into two new detached ADU's.

Her and her bf plan on converting a section of the house to an attached ADU to help with bringing in some cash flow and renting out the other bedrooms to some friends of theirs. 

Purchase price: $199,900 My first real estate purchase, which I converted into a short-term rental, I rented for half the year when I was away.

To be refinanced using a conventional loan it would have to be moved to your name, assuming you're looking to convert the property as your primary.

They buy apartments with significant ratio of garages and convert garages to studios or 1 BR.  

I also converted my garage to an ADU (permitted) and is renting very well. 

Accept a $1,300,000 first lien note, payable at 10% interest only payments for 24 months, and convertible into a 15 year 11% note with 3 year interest adjustments with11% floor fully amortized.