I'd like to take this time to schedule a brief call 02/17 at your earliest convenience to delve into more detail as far as how I can quickly analyze and find properties that meet a minimum cap rate.

Hi Chris, Most Ground-Up lenders are capped at 85% LTC.

The single biggest advantage of selling your homestead is that you can take all the Cap gain tax free if you have lived in the home as your homestead for 2 of the last 5 years. 

You’ll lose any property tax caps they may have enjoyed and be increased to the non-owner occupant tax. 

.- Portfolio Caps: Fannie and Freddie’s tight lending portfolio caps will likely be removed.

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

If you’re not calculating cash flow, cap rates, and ROI, you’re flying blind.

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

@Chris Pratt Since single-family houses with ADUs are not considered commercial properties, they are not priced based on income or cap rate.

Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.