If you were to eventually move out of the property and rent it, your tenant now pays off your debt.

Have to realize everything eventually moves back towards its norm and having a 100 year event (pandemic) is not the norm.

So, your prediction that there would be at least $20k more if everything is included should be accurate.The reason for choosing a JADU is that converting the garage into an ADU would require a separate laundry setup and an additional electrical panel in the main house, which would increase the renovation costs for the main house itself.

Meanwhile, we're putting in two new-construction 2br ADUs on the current property, plus converting the garage to another 1br ADU (it's a bigger-than-normal lot).

The only way it would make sense is if you use the HELOC to convert your garage into an ADU for the steady income or buy out of state rentals "cash".

BP was apparently useful to you, but you eventually left to pursue something that put money in your pocket.

I have clients that recently purchased a large single family home that was converted to two units.

During RLT administration (after the death of the grantor), it is common for Trustees to liquidate/convert stocks or other capital assets shortly after the death of the grantor.

He explained that as a fairly new investor, 5 years, that if he was in my position he would save the extra funds for his emergency fund or eventually use the accumulated extra money to buy his next investment.

:)  Did you get into larger multifamiliesI have business partners who are exploring larger deals, so I expect that I will eventually be involved in them.