This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

In my area, most illegals live in trashed-out rentals with multi-generational family members or co-workers, so I doubt the housing market will be greatly impacted, at least not in my region.  

There was a time when I had multi-family FOMO.

Hi BP community!
I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).
In my research, I’ve found that most mentorship pro...

If I were a decent renter shopping in that neighborhood, I would choose that brick building over yours every time. 

I was looking there myself and curious what areas you would choose for a mix of cash flow and appreciation? 

If you choose to go with a first time home buyer program, you would need to identify all the terms and advantage of that as MANY are available.

.: An appraiser's word for 7 is functional obsolescence...

You can proceed with a cash out or rate and term refi up to 65-75% LTV depending what product and terms you choose.

I never choose anything based on price.