I agree get the permit but …@Bruce Woodruff & @Jonathan Greene likely are unaware the state legislation keeps passing laws to protect safe, unpermitted units.  

I've read a few of the BP books written by Brandon & David Greene and they say something similar to choosing a PMC.

Quote from @Jonathan Greene: The best HELOC usually comes from the bank where you have the most money or the one you have the best relationship with.

Quote from @Jaycee Greene: it all depends on the credit scores, but consumer mortgages tend to have lower interest rates than commercial loans.

It was written before the days of YouTube, so it's not full of the common nonsense where authors sell a course, send you to their website for downloads, or write a follow-up with additional "secrets" they forgot to put in the first book.Long-Distance Real Estate Investing by David Greene was another good one.

Quote from @Jaycee Greene: How are you going to figure out how much work a property needs from out of state? 

If your goal is growth, a refi now might make most sense, but only you can make that decision.I'll also second what @Jaycee Greene mentioned that most lenders won't go to 80% LTV on a cash out refinance. 

Quote from @Jonathan Greene: I believe in SLC, they are still requiring the owner to live in the main house (meaning you don't have to be there, but you can't rent it) for you to use the ADU for anything else.

Green with envy!

Quote from @Jaycee Greene: Hey @John Tomassacci!