I highly recommend using Baselane for managing your rental properties.

So I could hypothetically include a studio apartment above the garage and rent out the main house and be within the law? 

About to close on a 10+unit apartment building and my wife and I would like to self-manage as much as possible, as I am local. 

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

Most who respond recommend creative financing....seller financing, sub to etc. or using highly levered hard money debt. 

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.

It could be 50% high, 50% low or right on the money but no matter which of those three it is makes no difference.

We bought a property that we feel is assessed by the our local government too high.

Thanks we started using go high level and it can work with power dialers.