When you refinance a home that is a primary you get to use a higher LTV on the refinance because its an "Onwer occupied" home. 

So base on conventional financing I would need to be owner occupied for it to work if the 2 units were classified adu and junior adu?

I do know that if they occupied the property, they have some time to reclaim the property but would have to pay interest on the amount that you put into it.

It's logical but will only appraise based on comparable sales and, if it's an area with few STR sales in the past 12 months, it will appraise just like an owner occupied home.

They keep the property in a condition that it appears owner occupied with a pride of ownership.  

House hacking with low-down payment loans, conventional loans, owner-occupied financing, seller financing, HELOC, down payment assistance, or partnering with investors can expand your portfolio.Good luck!

When you refinance a property as an owner occupied property, you are signing a new 12 month occupancy clause which means you need to live in the home as your primary residence for 12 months after you do the refi.Rates are on a downward trend and likely will continue to do so for the next 12 months so you may have time to refinance your loan in the next year or two into a fixed rate while you are still living in the property so if you planned on living in the home for 3 years, you could wait 2 years for rates to drop and then refi as owner occupied into a new 30 year fixed rate.Alternatively, you could get into a fixed rate now at at 5.875% on a 30 year fixed rate if you qualify for the "HomeReady" program (HomeReady is an income limited program that gives buyers a fantastic rate).

Hey @Yonathan Cabrera, it isn't off the table as this article points out:https://www.rocketmortgage.com/learn/va-loan-for-investment-...At your age, I might look into buying a 4 plex and live in one and rent the other 3 as long term rentals.Essentially you have to occupy the property within 60 days, then you can buy another one after a year, rent the last unit and do it all again.This is where occupancy requirements for VA loan rental properties come in.

And it was an easy buy because it was already occupied with tenants that wanted to stay.So that’s my story.

Most important thing: IF the city has no “records” of the inlaw (no NOV on it, no mention in rent board records), AND it’s not occupied, then the best thing to do is demo the kitchen right away!