The won't insure you or they will jack up the price considerably. 

They'll want all the money spent on the main house, lenders kind of ignore ADUs it's weird. 

I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

Thank you for your time and consideration. 

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population. 

There are some legal considerations as well as practical considerations 1.  

@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.

There is no consideration for risks, areas, quality of the house, renovation, or management.  

He made a lot of money and the developer is the “hated” villain but my initial protege knew what the land was going to be used for.