Plus, with $4200+ in monthly income and the option for overtime, you’re in a strong position to manage this responsibly.

Although you are a new investor, you actually have more and better options than seasoned investors.Id they need a second parking spot , rent that to them also.

was just re-listening to your episode this weekend as I'm looking into some rezoning options myself!

For example, if you have $130K in equity, you might get $100K-$110K available in a HELOC.Look for a fixed-rate option for the HELOC to avoid rising rates.

Have you and your wife considered exploring fully turnkey properties as an option?

. - that might be a situation where you would want to work with a contractor directly because you would have lots of different options with widely varying costs.

You should fire them right away and talk to an attorney to prevent the loss, but I wouldn't expect much and it could be a waste since a company that does this will not have the money to do anything.When you have just one unit and you are looking for PM companies, your options are the bottom of the barrel because it's not a good use of the big one's time.

TY You have a few different options, but a cashout refi on the free and clear property is probably simplest. 

This will help you understand your options and decide if it's the right time to hire a pro. 

Even in HCOL areas, adding an ADU typically does not make sense because developing a single small unit is the most expensive residential development that exists.Adding an ADU is a lot of work (probably more than a brrrr but with worse return), has poor financing options, typically adds less value than the cost of the addition, and detracts something from the primary structure even if it is just yard and privacy.Good luck