Will hold a first position must put 65 percent down for 3 years at 5 percent for qualifying buyers. 

Currently, we have $220,000 in equity and value added.I’m inclined to hold off on a refinance cash-out until I secure another deal where those funds can be effectively utilized.

If it makes sense to hold onto, then refinance it as a BRRRR.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

Maybe the answer is to hold the property but don't build the adu. 

If I had a crystal ball I could tell you what the future holds with certainty…in my experience and opinion though, I believe you’ll find Lehi to be a great option for the criteria that you’re specifying.

Investment Info:Single-family residence buy & hold investment.

I'm sure he's expecting me to come back and negotiate something more but we are both very new at this and I have no idea what would be an appropriate value for the risk and the time my money would be tied up in this. 

Happy to connect and share ideas.