I’m new to all of this and looking at 401k loans and HELOC as options.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Often it's not so much someone with real estate experience that seasoned investors are looking for so much as it someone who can take other tasks off our plates.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

At the time, I already owned a few properties.

Take a bit of that money and invest in learning - go to meetups and the many events that take place related to investing in the city - some for free and some paid.

Personally I would not take a negative cash flow deal.

Late to the discussion here, but wanted to weigh in.

I dont know the delivery time on a ADU but I'd assume same with site plans and zoning. but how do you get your money out of that?

The market in the area is dynamic and continually changing.