Then you can immediately put a loan on. the free and clear property and pull that cash out to get close to what you need for the ADU. 

And a local resident is usually very helpful.

For your second question-either refinance it (you say it is mortgage free, so get a mortgage and pull out that money) or try a home equity line of credit (may not work as it is a rental).The difference in insurance quote with 5% and no coverage is ~ $1200 for the year.

Found my deal on Zillow, ran the numbers, pulled the trigger and flew into town to do some of the work myself with the help of some family with experience fixing houses.

Pull colors from the rug for accessories.

The expansion of ADUs hence serves a dual purpose, simultaneously addressing housing affordability concerns and nurturing the urban economic vitality.As far as sewer and water, they would be pulled off the main in the back of the property.

Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I hope this helps.

The mentoring is great and the students in the group are very helpful.