Hardwoods last forever, are easy to clean and you can easily change your look or add some softness with an area rug if you like.

The first one (ideally around $300k) is to cover pre-construction soft costs, have some liquidity and keep the family's living expenses and the second one would be used to fund the project itself.We would most likely need a loan with deferred payments or use the money from the first loan to pay interest only on both loans.So our goal right now is to figure out whether this is even possible with given circumstances.Are there any other options for something like this?

@Brandon Bass A few things to ask/consider:1) Why do they ask for seller financing?

It's not for no reason - acquisition fees alone on a $10 million dollar fund can make the general partner $200,000 without having to put money into the deal (to be fair, they may have to guarantee the loan and pay for due diligence and soft costs).Real estate celebrities have the audience, brand recognition, and trust of real estate investors.

Our realtor walks the property and provides and soft quote in rehab work based on sq ft comps from our construction division.

Thanks @Dan Bass for your comments.

SB 1069 mentions allowing ADUs in Multifamily ZONES (which is different than a multifamly unit) if you refer to that section in the housing element 65589.4 it says Local Law Shall Allow which means they may limit as well, most jurisdictions do limit the ADU to ONLY a property with a permitted structure single family home.San Francisco for example allows multiple ADUs within soft story renovations (ground floor parking)Main point, check your local law - have an architect double check it.

"dude, this isn't working...I appreciate you trying but your bass is killing me.

Sometimes even 6 months or a year (longer if it's a soft/small market).  

Some good news out this morning with a soft CPI print, much under where consensus was.