If no mortgage, you’re looking at about a 5 cap…These properties don't require special financing, with the exception that the lender needs to be okay with loaning on a non-warrantable condo.

Home Improvements of 50K and is Rented.

You can use an FHA loan and have a smaller down payment.

Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.

You'll want a great team in place that can - work efficiently and in a timely manner considering your loan time frame- communicates very well as you are remote and not at the place- priced well.

Now sitting at a 740-750 after a few small loans preparing for “now”.

any idea of what lenders  have  provided  loans on the property in the past?   

She got me in with one of her loan officers.

I'm still amazed at how improving my health and lifestyle has positively impacted the way I do business.

The first of course being ability to repay (which borrower should qualify for in this instance since their payment is going down), but more importantly is the loan to value.