@Alexander JohnosnYou should look with your employer if they allow loans against your 401K.Depending on the 401K that is set up; you can potentially loan up-to 50,000 or 50% of your vested 401K balance,whichever is smaller.Is the 14,000 the vested balance?

Which ever lender you use verify that they are legit 

@Gerardo AliRaise the ADU size maximum: Tacoma restricts ADU size to 1,000 square feet, or 15 percent of the lot size, or 85 percent of the main house size, whichever is smallest. ...

@Joe Evans Which ever book is on top or easiest to get to (it doesn't make a difference). 

Just look for both of them and whichever one you hit first with a good deal, buy.

Which ever lender you go to, that knows what they are doing, should be able to run value on your deal day 1 and give you a reasonable range on leverage and pricing. 

If you use the property for personal use for more than 14 days or 10% of the total days it is rented (whichever is greater), it might be considered a personal residence.Tax Classification:The IRS does not have a specific category called "second home" for tax purposes.

For our house flipping company, we look for properties in neighborhoods that are fairly easy to comp, we try to buy in the $200-500k as-is range, and then we shoot for $40k or 10% of the ARV as our profit, whichever is higher.

IF the renter is aware of the Protecting Tenants At Foreclosure Act, they would probably exercise the right to stay in the property for 90 days or the end of their lease, whichever is longer.I was renting a house that was foreclosed on in 2009.

I am working on getting approved for funding for my first fix and flip and wanted your opinions on possible doing it this way (without spending much (or any) out of pocket money)Current situation:Business Line of Credit : $15,000 @ 16%Business Credit Card: $10,000 @ 10.9%(Zero balances on both)Liquid Reserves: $10,000 (personal account)Here are my hard money lenders terms:Finance 90% of Purchase + Repairs or up to 75% of the ARV, whichever is lower12.99% APR3.9 points at closing + credit line admin fee (if applicable)2 year termNo pre-pay penaltyI plan on purchasing low at first.