Hi Scott, are you looking to be a passive or hands-on real estate investor?

My opinion, a rate a buy down isn't usually worth the trade offs vs keeping the cash in hand.

Quote from @Russ Desatoff: Hello, I have my first deal done and it's was handed over to the property management team a few weeks ago.

-A handful of tenants asking for rent to be canceled in April who paid later that month.

I’d recommend starting with resources like Short-Term Rental, Long-Term Wealth by Avery Carl and real estate podcasts like BiggerPockets, connecting with investors in vacation rental groups, and researching reliable management companies in your target areas to make the process as hands-off as possible.

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

A handful of people have responded and asked what my parameters are, etc, which I thought was pretty exciting.

well 70% of 455ks isnt much more than you currently owe at 283k the 70% of 455k is 318.5k and after closing items you might only net 20-30k tops (new loan minus current 283k - closing items = net proceeds in "hand.").So The question you should be thinking about is what are my closing items and is this enough cash to accomplish my mission/goal?

Once you have multiple crews going at once, labor costs can get out of hand very easily.

I actually just sold an older property because there were too many repairs, so I was hoping to find something more hands off as I am an out of state investor.