Quote from @John Underwood: First thing to do is check with the city or county to make sure the ADU would be permitted to be a STR.The municipality has an application process but initial indication is that it's not overly restrictive in the area I'm looking at. 

No restrictions or caps on supply, and I don't expect the City to revisit this anytime soon as it was about a 3 year discussion that I think council is happy to put in the rear view mirror. 

I don't beloved they have a unit restriction for owners

What groups are out there that lend to practicing Muslims and honor their financing restrictions?

And are there any restrictions on what you can use the “equity” LOC?

@Ndy Onyidoreplying your strategy on #3, I will add the following for you to consider.Most of these properties as @Rick Baggenstoss had mentioned are run down , townhomes, land lots.There may be additional liens on top of the tax lien, such as HOA lien. also with the townhome communities, some of them has rental % restriction; meaning the HOA only allows so much % used for rental. the rest has to be owner occupied.

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

Hello everyone,I am buying an RSO-controlled property in Los Feliz and will be performing a no-fault eviction so I can move in as my primary residence.The property is currently a duplex, with a 2 bed 1 bath on the top...

Oh.. and one thing I learned the hard way is that some policies have restrictions on borrowing against them, so double-check with your insurance provider first.

My team likes that it's easy to use and that they have no sending limits or restrictions so we can send send 100k~ texts/mo with only 1 account without issues.