I’ve been down that road of carrying a line of credit on a property before, and the stress can realy pile on when you’re staring at that monthly interest.

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

They do not want the other person's name on the deed or the mortgage once the dirvorce is finalized.   

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?

It's great that you're focused on saving and educating yourself before diving into real estate.

Quote from @Keegan Darby: Hi BP - I’m seeking advice on a property I own. 

For 1099 income, we will look at a 2 average of income using your NET NET income (bottom line income). 

Give them all the details, contact information, time lines, relationships, etc.  

I am currently working on phase 2; building 2 ADUs.The permits are already in the works but the biggest question is what is the best approach when funding these 2 ADUs BEFORE I have the equity from my home?

Ditto on Start with Strategy!