It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

You would actually be borrowing less money than originally but at a higher rate.   

You don't need a lot of money to wholesale.

If you are calling the licensed person off the radio AD a lot of money.

Examine the bottom half from every angle - how much you can make, what else you can get for your money (don't worry about how much you make on these, they are time suck and the lower half of your portfolio)That's a good place to start.

So $460K-$350K = $110K, it is almost the same as the money I put into this propety. ($42K+$75.6K)=$117K.

but it's not a mailbox money / cash flow situation.

Why not joint venture with someone who has money, fix & flip itWhy not rent it out for at least the monthly carrying costs.Why not sell it on a lease option, get 10% cash up front to fund school? 

During this time you are not generating any return from the money invested in the ADU.

Quote from @Shayan Sameer: Tapping into the equity is always great when it comes to recycling money quickly as you would a flip.