.: Quote from @Tim Delaney: That seems odd to me assuming you aren’t in a highly negative cash flow situation.

Given your mortgage situation I would opt for taking out a HELOC.

This is a very typical situation. 

(I am not a lawyer so none of this is legal advice but have seen similar situations occur). 

They will complain about the work and the stress or their boss but are willing to do nothing to change their situation.  

The situation is regarding a mutual agreement both the landlord and myself made regarding the painting of two rooms within the property we are renting to a neutral color (rooms are currently purple and lime green).

I've seen many situations where people are made JC's without even closing a property only because they're good at talking to people and facilitating conversation. 4) Need to be trustworthy. 

The free advice on BP is great but often conflicting as everyone's situation is different.

Yes pretty common, minimum downpayment is generally 25% (occasionally that 20% will work) but just depends on your situation.  

With permit, benefits are 1) get depreciation and other tax write off benefits since it’s a permitted investment purpose ADU, 2) probably better for resell value, 3) have a separate address and don’t have to bother sorting out mails for our legal tenant, etc. without permit; benefits are 1) no hassle to get the permit, 2) no permit fees, 3) no tax on rental income (as it is more like a “roommate”)Has anyone gone through a similar situation before?