I’d like to buy the place, renovate it, and then live in it for a few years as my primary while renting out the 2/1, and then ultimately selling or renting out the main house too. wondering what the best purchase strategy would be considering I don’t have the full purchase price in cash on hand?

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

That is what I see in these areas of my market, prefab selling is few and far between, and the ones that do sell are a lot less than a SFR. 

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line  ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..

With no renovations needed, we leveraged strategic pricing and marketing to sell it the same day for $147,000.

I did not want to sell it, and I saw the value in holding on to this property.

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

I'm exploring ways to access equity without selling.

Sell only when the timing is right from an investment angle.

Buying & selling it as land, no development.Perhaps what I have covers all the bases I am looking for.