Here are the numbers: Current loan balance is $150k @ 4.5%Estimated cost of the garage is $25k to $30kARV is $250k to $300KAny advice offered will be much appreciated!

I will share that it is difficult to convert any SFH or duplex to a triplex as you go from IRC building code (1-2 family homes) to IBC building codes which are much more restrictive as it is for any commercial building which is any 3+ unit including 100-200 unit apartments so there is sound and fire ratings that have to be adhered to.Hope this helps.

I doubt they will extend it to the "A" lending portfolio as many of them have thriving "B" portfolios due to the extremely difficult lending environment the federal government has created in an attempt to help the affordable housing problem that was created by them in the first place. 

Now i'm finding it more difficult to locate cash flowing deals thank GOD i was able to close on my last deal just before this last rate hike which was a long and stressful process.

Here's a summary of the economics.They purchased the property for $280,000 in 2004.The loan balance is about $178k.Monthly principal and interest payment is about $1,265 with $709 currently going to interestProperty taxes are $4,116 annually and insurance is $1,000.Currently the house is vacant for the sale so there's no rental income.Therefore, the monthly burn is -$1,135 (ouch).For the sale:Property was originally listed at $335k and they received 0 offers at that price. 

Currently there's about $345k left on the loan balance.

The current value of the home is $140k with about $92k balance on the note.

The point is, it is difficult to prove anything illegal happened.

If you can't withdraw all the funds maybe an option is to withdraw enough for a down payment on a property and use the balance that you can't withdraw as the required reserves needed for the bank underwriter to approve your loan.

It's difficult to gauge as most people only do seasonal rentals where it's located.