Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

Thank you Murrieta Menifee Winchester Temecula Riverside Update: this ADU is finished and rented out.

Reach out to some of those posters.  

@Rosette PooleRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

There is no possible way, you can rationally estimate (guess), which one out of how ever many others may say it takes, you hit on. 

I have a contractor that does really good work in Granbury and Fort Worth if you would like his info reach out to me

President Trump said during campaign to plan on 14 million to be deported out of 32-35 million illegal immigrants in US out of 335 mil population base.

We have two properties in SLC area and manage from out of state.

I have a couple of lenders that I can refer to you, that can help you out!

Current thoughts would be to live in the ADU and rent out the main two units.