Instead of applying for a new mortgage the buyer takes over the sellers existing mortgage loan.

Are you trying to convert a pre-existing room into a bedroom to increase the ARV?

Of course when I buy these types of deals I personally give existing tenants the chance to stay at a higher rent amount initially rather than just evicting and having to do a renovation before I start making any money.

It always a good idea to try to sort out the problems you are having with existing professionals first.

You should check out the 2020 state ADU legislation, but off the top of my head I recall two ADUs for 2-4 unit properties and a max quantity of attached ADUs equal to 25% of existing units for 5+ units.

Synovus does it for existing Synovus customers

@Mike Auerbach, or simply buy the replacement property BEFORE selling your existing property.

This policy will provide additional coverage above what your existing policy covers.

Most people who are looking to pay for something that exists as networking online end up not using it and then complaining about.Whatever you pay for or don't pay for, if you try to meet the other people using it or at the meetup, and you do that consistently for six months, things will happen.

From what I've been told, these types of loans do exist (for SF at least, but I don't know about MF), but they're tough to do.