What about other 'property trades' people?

THEY should be the expert on what should happen, if they know their trade of course. 

I know it's a different time now, but trading long term borrowing on a long term asset for a short term LOC that can be called... that's not something I would ever recommend.

But, I'm a mechanical engineer by trade and am not afraid of digging into the details to figure out if it's viable. ;)

.-  I do not want to factor in purchase price or forecast an exit price.

If you're planning on building an ADU or JADU 'yourself', my suggestion is to make sure you have some previous knowledge of construction and also make sure you know good sub-contractors in the following trades:  electrical, plumbing, foundation, roofing, framing, drywall/paint, stucco, tile, cabinetry, flooring, HVAC, concrete, etc.The last thing you want is poor quality work that has to be re-done because a handyman or the wrong tradesman did the work.

Sellers are still wanting "too much" as they typically think their deals should still be trading in the 4-5% cap rate range.While I won't pretend to have a crystal ball, I generally think: a) if you want to get a deal today, you are going to need to be more aggressive then you probably are comfortable with in your assumptions.  

They have some events, virtual meetings, and in-person trade shows where it might be beneficial. 

Here is what they are saying:The Mortgage Bankers continues to forecast a higher 6%+ mortgage rate for 2024.

You’ll need to decide what your end goals are and what you are willing to trade-off to achieve it.