As an individual or first-time investor- House Hack, lower interest rate/downpayment programs, local market knowledge, Rent a room, STR your house, Military BAH payments, etc.B. 

Impossible to tell which would benefit you most.I have found that lenders value the house in different ways; one is a full appraisal and the other is an automatic valuation…my credit union did a “drive by” valuation.  

I think its best to try and find a local bank or credit union to finance this. 

Local Credit unions and small regional banks.  

For your client's cash-out refinance on an adult family home in Washington State, it would be helpful to reach out to lenders who specialize in DSCR loans, especially those experienced with unique property types like adult family homes.Contact Local Lenders: Start with local banks and credit unions in Washington that offer DSCR loans, as they may have specific programs tailored for adult family homes.

Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that? 

@Don Konipol, I have the same issue with what could be a perfect rental for members of the military.

Additionally, getting rid of a tenant in an illegal unit isn't easy in Union City. 

Some local credit unions and banks can offer great terms in the 75%-80% LTV range.If you’d like, feel free to reach out directly, and I can share some connections that have worked well for me over the years.

(DCSR, Private Lenders, Credit Union banks etc.)