Thanks as always.RL Local PM here, we develop and have a wide portfolio, happy to model a cashflow analysis and if possible, find ways to increase your properties income.

Keep those parameters in mind as well.Lastly, A great HML would have options for you to transition into after your loan term ends with them.Best of luck to you on your journey!!!

but the exit was the lease option.. 

As ground-up ADU builds gain popularity I hope we see some affordable options, like modular, but from what I'm seeing now the ROI just wouldn't be there.I'm trying to help spread the word about this law and compile as much information as possible so I can help investors capitalize on it.

Alex,There are a few other options when it comes to your situation to get the cash out of the home. 

The Meter Save program was discontinued in Chicago in 2022 and it seems there are no viable options that I qualify for (I’ve looked at the department of waters options and I don’t fit the qualifications).this feels like I’m getting ripped off each month in the bill and am really needing support here.

If they encounter difficulties, they can consider Delaware Statutory Trusts (DSTs) as a backup option.

Quote from @Bruce Woodruff: I agree with having multiple options.

If you are looking to pull more cash out I'd go with the second option.

With that being said you do have lots of options.