Yes, there’s a product that exists which does exactly what you want.

If so, they could change ownership of LLC to you and add you as authorized to get mortgage info.You would buy it subject to the existing mortgage.

SB1033 is likely useless for your intent as it allows jurisdictions to Set their own requirements which is exactly what existed prior to SB1033. 

Let's assume you don't take a loan.Purchase Price: $1,299,999Closing Costs: $25,000Renovate unit: $35,000Build 2 ADUs: $250,000TOTAL: $1,601,000The cashflow calculation looks like this:Gross existing rent: $5,600Gross rent from 4th unit: $2,500Gross rent from ADUs: $3,000TOTAL GROSS RENT: $11,10020% Expense Ratio: -$2,220Property tax: -$1,354TOTAL EXPENSES: -$3,574NET CASHFLOW: $7,526So, about 3/4 of your $2M budget gets you to about 3/4 of your $10,000/month goal.

If the unit they are currently renting does not meet that requirement, then they will need to move to a unit that does.The landlord is under no obligation to lower their rent or change their terms for an existing tenant.  

Currently you can buy existing property for cheaper than you can build it, but my estimate is that will change in the next 3 to 5 years.Also...

Fishing new wires and pipes through existing walls is a huge expensive job.

But this of course is Utopia, which is never going to exist, so you end up taking care of your own and the issues and charities that are important to you.

Lucy,It does look like you are referring to the minimum interest, or prepayment penalty, of your existing lender as well as the 'seasoning' period of any potential new lender.Most HMLs won't have a prepayment penalty on a rehab-bridge loan, but a lot of long term refinance lenders would require a period of time after you purchase it before they would take the new 'after repair value' (or, seasoning).

If they caused you damages due to their violations of rules governing licensed brokers, you may be able to make a claim through the Real Estate Recovery Fund.2) either you or your attorney send an official termination of services letter (if you haven't already), wherein you need to demand that they remove listings, return to you your property they are holding, disburse your money to you by a date certain. 3) if they fail to comply with your demand, contact an attorney to prosecute the remedy.You can attempt to re-list your property yourself or with a new management company, but you may run into problems with listing websites when they see an existing listing for the same property.