That said, selling is another option to free up cash for a lower-cost, higher-cash-flowing property.

For managing properties, I have two options: 1.

I hurts a lot in my chest when I am shopped or left because I could not provide the best option.

I’d love to share my knowledge and experiences with anyone interested in learning more about VA assumptions or other creative financing options. 

(And since I also got bookings via my earlier VRBO pre-approvals, didn't realize until the inquirer let me know they were going with another option, that VRBO holds it for 72 hours.) 

Given there is a decent fee, I’m also considering the option of not getting the ADU permitted and just rent it as is for “roommates”.

Feel free to reach out if you need help with financing options or advice!

From your options, #1 is a big sink of cash and I can't tell how much that increases you rent. #2 is a no due to cash flow negative. #3 is the way to go.

Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

Also there is a special tax abatement for office conversions but requires the developer to retain 15% as commercial use.So we have the option to stack them and consolidate.