For future readers, many banks will offer an unsecured line of credit up to $25k.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

SetbacksSetbacks are the minimum distance the ADU must be from the property lines and it all comes down to the specific zoning you are in.

I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

If you have questions or want to discuss financing options down the line, feel free to reach out.

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.

Bottom line: you're not helping them by allowing them to keep digging the hole deeper AND you're cheating yourself.

Two thoughts - 1) We have seen the Blue areas become much more regulatory, as we would expect from that mindset...but yes, I gotta agree, I think it does cross the line in this case. 2) Not all neighborhoods resent STRs. 2 of my STRs were in neighborhoods where they were actively welcomed.

any pro forma that shows you 'cash flow' on day 1 or in month 1 or even year 1 is a joke.here's the bottom line.