Annual fee $25.PenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD Bank TIAA Direct was EverBank Tower FCU, all states except TX, max 45 DTI, green card ok.

Cash invested: $60,000 656 sq foot, 1 BR Condo What made you interested in investing in this type of deal?

I hope this helps.

Being owner occupied means getting the lowest interest rate, and a conventional or fha loan. 

Quote from @Eli Jerman: So I am wondering if I can still use Turbo Tax to do my taxes this year.

I am on the Neighborhood Building Owner's Alliance weekly calls, and we had this ADU issue come up.

Hi John,this is great to hear.

In 2014 it cost me about $42k to do this.  

I have two properties (exact same property just across the street from each other) one is a seller finance that is coming to the end of its contract for balloon payment and the other is a fix and hold Interest only loan that is also coming to the end of its contract for balloon payment.

I’m not local, so I’m trying to get a feel for what it’s actually like making deals in this market right now.