If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income?

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.

Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.

Is there a way to access the additional features without creating a new Stessa account through the BiggerPockets link? 

Considering that, you are likely going to see appreciation year over year, which essentially will be additional equity you'd capture just by simply living in the home. 

Hi Martti,I happen to be someone that lives, eats and breathes in this area of Real Estate investing every day in Detroit MI.