Quote from @Ko Kashiwagi: Hi Karen,Yes, it's pretty common that the minimum loan amount are above $100k for a DSCR.

Quote from @Ko Kashiwagi: Hi Paul,I'm curious as to what kind of loan you applied for?

Quote from @Ko Kashiwagi: Hi Pandu,HELOCs are generally for primary properties, and it's rare to find a lender that will give credit on investment properties, although it could be possible.

Quote from @Ko Kashiwagi: Hi Ronin,There are a couple alternative options you have.

Quote from @Ko Kashiwagi: Hi Alex,It depends on what kind of strategy you are using.

@Ko Kashiwagi Thank you for the Great insights!

Quote from @Ko Kashiwagi: Hi Jackie,Yes, Single Member LLC can be taxed on your personal tax return as it is a pass-through taxation entity.

Quote from @Ko Kashiwagi: Hi Carlos,Have you run a cost benefit analysis over the period you'd be holding a HELOC/refinance during the ADU development?

Quote from @Ko Kashiwagi: Hi dam,Yes, typically the downpayment, closing costs and holding costs are covered by the investor out of pocket.

As @Ko Kashiwagi mentioned, its also import to separate your business and personal bank accounts, so once you have your LLC setup, setup a bank account and begin transacting there.