Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

I can't seem to find out the actual %.

During this time you are not generating any return from the money invested in the ADU.

She actually was a junior attorney in the closing of my house and decided to no longer practice law and become a realtor instead,  her legal knowledge is extremely helpful.When you are buying you can use my strategy. 

Are you sure there is no one within 10-20 miles who would like to make money cleaning it and checking on it? 

Of course you can never have control of the money and you must have your QI in parcel before your sale completes. . 

We're spending so much money...this better work feeling."

Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value. 

I hope tenant willingly leaves because NYCHA actually notified months ago that she was approved for another voucher.

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)