A friend who's a contractor gave me a very soft, un-detailed estimate of $40k.  

I’ve watched videos where they’ve said I can get proof of funds (soft proof of funds) not hard.  

If you insist on shopping, just ask for a soft prequal and give a lender a run down of your scenario. 

- Property Insurance Alert - Many Premiums Increasing in 2024Today’s Interest Rate: 6.80%(☝️ .03% from this time last week, 30-yr mortgage)The Weekly 3: Data and News to Keep You InformedADUs Gain Momentum Nationwide: Accessory Dwelling Units (ADUs) are growing in popularity, especially with the rise of the work-from-home trend as a way to offset mortgage costs from high interest rates (JBREC)The housing market’s ‘lock-in effect’ is very real: Most sellers are buyers, naturally they have to move once they sell their home. 3% interest rates mean they won’t sell until rates come down (Fortune).Yellen Declares US Economy Has Achieved Soft Landing: Too soon to declare mission accomplished?

Let's say our fourplex has soft-story parking (that's ground-level parking with units overhead) that can be converted to two studio ADUs.

Soft bumps and very nice cruising.

The 90% LTC lender only applied the purchase price and the soft/hard construction costs & contingency to their definition of LTC whereas the 80% LTC lender also financed 80% of the settlement costs and interest reserve.

It's generally best to secure a property while demand is lower and the market is soft.

You can always ask that they do a soft pull instead of a hard pull as well.

I definitely have a soft spot for Statesboro (went to college there) and the property is much cheaper so we may be leaning that way.