Quote from @Jonathan Greene: I believe in SLC, they are still requiring the owner to live in the main house (meaning you don't have to be there, but you can't rent it) for you to use the ADU for anything else.

Hey @Trey Holloway, there are products out there that fit the 10% down model, but you will have to hunt for one.I don't agree with @Jaycee Greene that banks don't finance STRs.

Quote from @Jaycee Greene: it all depends on the credit scores, but consumer mortgages tend to have lower interest rates than commercial loans.

Quote from @Jaycee Greene: Hey @John Tomassacci!

If your goal is growth, a refi now might make most sense, but only you can make that decision.I'll also second what @Jaycee Greene mentioned that most lenders won't go to 80% LTV on a cash out refinance. 

I converted it from Google Sheets and I can see a few formatting issues so sorry in advance.The columns with the red header are scenario 1, and the green header are for scenario 2.https://www.dropbox.com/s/gzvdujsmx9b5si9/Mortgage...I hope this finally puts the matter to rest.

For example, I've had clients walk into homes with vibrant orange kitchens or neon green bathrooms and instantly feel overwhelmed.

I 2nd @Jonathan Greene's question: why Illinois? 

If you listen to David Greene, he's hearing more and more stories about syndications struggling to keep up with their promises and a lot of investors are losing money, or pouring more money into the syndication to try and save their original money.

I'm speaking only with my experience in SoCal...but another reason they are expensive is that we were required to use very 'green' products.