Is this a tiny one room extension?

There are new companies that sell ADU's as prefab like "Tiny Homes" website they are in most states.It might make sense to have a Banker review their options for a HELOAN or a cash out refinance.

We just stayed in a tiny home airbnb a week ago in Camino and it got me thinking about buying a larger lot with a small house that I can then add a tiny home on to it.

So those ppl moved to the burbs (Canfield, Poland, Boardman, etc)To someone from California (my husband is from LA and my stepson still lives there), especially when you're better off and paying 1.2M for a tiny triplex, tends to not respect a triplex they can pick up for $50k - just by way of the price, it will never be worth anything.My stepson bought that 1.2M triplex in LA in 2019 and did no rehab (he's frugal ;) ).

Maxxed at 20% down, although maybe a tiny handful of DSCR Lenders are back to offering 15% down now

That would leave us tighter on the build of a tiny home than we would like.

Two years IRS returns, current 2023 income, bank statements with your $... neededSome lenders do not offer no points today due to the risks.I would NOT advise you to go ARM the difference is tiny and only God knows if rates will improve and if you qualify in the future.

Just because Dan Gilbert made a tiny bubble that somewhat resembles a functioning society doesn't mean the city is back. 

Also..........you can buy a "Tiny House".....keep it on wheels in the backyard and AirBnB it

As @Collin Placke said it's typically about capital preservation, or just because they feel like owning properties in NYC.4K is a tiny mortgage.