Essentially are you cash flow positive or negative each month?

Zero evictions and zero cash for keys.  

Yes, you can do a cash out refinance on the property to pull out some of your equity.

If you need any contacts that would travel to do the work feel free to DM me.

If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt? 

Alternatives include using a 1031 exchange to buy a new rental property or completing the exchange first and then doing a cash-out refinance to fund the ADU.

Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

I've been surprised at properties that have passed conventional financing though...and even FHA....also, one could present 2 offers to seller--one for a cash offer and one for seller financing (at a higher price of course). 

Feel free to comment below or shoot me a message or colleague request. 

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.