in addition, the property (2 units) has appreciated over $1m since acquired.  

I've reached out to the local housing authority for additional information waiting to hear back. 

Find ways of financing your project in addition to evaluating its relevance based on what you earn.Be aware of the dangers involved in investing in the real estate industry.

By increasing usable square footage, I was able to re-appraise and increase the value of my home by an additional 460 square feet of "livable space" and force the appreciation of my property's value.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want and just pay the balance + interest vs cash out where you have to draw all the money after closing. 

You can use the extra income to pay down debt, save for retirement, or invest in additional properties.Tax Benefits: There may be tax advantages to renting out a portion of your home, such as deductions for mortgage interest, property taxes, and depreciation.

All in, we'll be into it for about $300k but it's a bit 2,000 sq ft addition/ADU and we expect to get $4,000 - $5,000/mo gross rents.

When getting insurance for your STR's, strongly consider getting the additional $1,000,000 liability umbrella coverage. 

Would love some additional information or message you if that's ok? 

That’s an interesting area for sure, I will be back in the summer to explore a bit more and I will give you a buzz.