Interesting about the wind-down structure, I'll look into that more. some existing HMLs that don't have cooperating banks right now and probably would be glad to have it.  

We used one of our existing local lenders to provide the majority of the purchase, and the rest was provided from our investors.

They may take an interest.Some of those people might actually be more aggressive about enforcing existing laws.

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

Every loan and bank will have its associated fees and cost as its the price to do business but if you see more leverage in tapping into existing equity that could very well be the case.

I know her prediction doesn't state today, but for activity to jump in February and then again in May to June that doesn't appear to be in a common volume trend of a "normal" year if that exists anymore!

Similarly, looking up deeds of trust, licenses, or other public loan documents, as is often recommended here, will only confirm that the company exists - not that you are speaking to a legitimate representative.

Very challenging if not impossible to make lot ratios work if the existing property isn't conducive. 

Though he prefers to reposition existing multifamily properties, he has also subdivided land, built homes, and constructed self-storage.

With your $1,100 rent and the potential for an improved loan structure, it's worth reaching out to DSCR lenders who are flexible on reserves and leverage.Key Points:Highlight your strong FICO score and existing equity.If your DSCR ratio falls short, some lenders allow exceptions for high-FICO borrowers.