Also What info do they require from you to be added as additional interest?

How many ADUs can be added to an existing duplexes in a city that has not adopted development standards?

I do think I have a conservative estimate of $30,000.00 in repairs.Finally, the electric is not on separate meters so we will be adding on an estimated electric and water/sewage amount to their rent. 

No not a jumbo, currently conventional and given that I will be adding another property later in the year as a "second home" for a lower down will likely want to use the rental income. 

There is not really too much value to be added.

There is not really too much value to be added.

If you are doing multiple members, difficult operating agreements, etc. it may be adding time for the lawyer, but this shouldn't change anything for the State.

Regardless, I have renter's carry rental insurance and will request I be added to coverage.

I received an estimate for the closing cost and we would be adding 8K to our current loan plus the 5 years, and this is just killing me the thought of my principle balance going up after paying extra over the last 5 years, but the thought of extra cash per month would be nice.

You also have to be willing to pay closing cost around 6k.The closing cost would be added the cost of the home sale price, it's worked out at closing on paper.