There are caps on income, assistance amount, and restrictions on being a first time home buyer.

We have found that counter height island seating is EXTREMELY popular with young renters.

Conventional financing will offer the most competitive rates but can be more income restrictive and can be unscalable as investor portfolio expand.

If you want to purchase another home without fulfilling these criteria, VA will only guarantee your total outstanding loan amount up to the county loan limit of the home you wish to purchase next.There may be other restrictions such as how many you can have or how many in a single city.

This is particularly restrictive when attempting to qualify for larger balance home equity lines of credit of $350-400-500K. 

You would not be able to purchase an LTR as a second home because access would be restricted and the property would be subject to an occupancy agreement limiting use.Please be careful about listening to advice other than from a licensed loan officer. 

I've heard of restrictions for buildings on the historical register. 

Since ADU rules were liberalized by Seattle in 2019 (one attached + one detached allowed on any single-family lot, no owner-occupancy requirement, no restriction against separate sale). a number of spec builders in Seattle have been building what may look like a townhouse triplex but is legally a single family primary homes plus two ADUs, one attached and one detached. 

If the ADU you're proposing is the make-or-break between this deal penciling out or not, AND if it is pivotal for your plans that it be the height that you are planning, I would personally advise you to abandon this deal. 

Investment Info:Large multi-family (5+ units) private money loan investment in Harker Heights.