If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)

Excellent advice and very well stated, imo.I have some really good candidates for ADUs in California. 

On paper some of these buildings had amazing metrics, excellent cash on cash returns, cap rates, etc, but when I looked at the buildings I found the neighborhoods were rough, there was poor management in place, there was lots of deferred maintenance to address.

I also have a lender that has a loan product that will allow you to put $0 down on a home with an ADU that would add another rentable space to get income from.

Because there was barely any cheap product and I had buyers looking for this type of product.

But the Jet production got delayed with the GFC and we got knocked on our A$$ and as mentioned had to start all over.

We’ve used this at least 5 times previous with excellent results2.

Excellent, thanks so much Jaycee! 

You can proceed with a cash out or rate and term refi up to 65-75% LTV depending what product and terms you choose.

They spend a ton of money on advertising their product and apparently have none left over to spend on product development.