Utilize Your Equity in the Multi-Family PropertyCash Out Refinance: Since your multi-family property in CT has significant equity (around $200k), consider doing a cash-out refinance.

I’m not sure if a JADU will affect the house’s value, but since I just bought the house in May and plan to live in it for 10+ years, I'm happy as long as the garage can provide a steady cash flow to help offset my mortgage payments.

At the time my father owned the residence outright free and clear.

Feel free to message with any questions.

Just feel free to reach out and I can send you over the contact info. 

I own a home and built an ADU in the back yard 2 years ago and net $1000 per month positive cash flow.  

I am sure there are people that have taken cash advances from their credit card to fund the "equity" in their syndication.Also, there is no requirement for skin in the game.  

Sell option: I could use the cash to help fund a house hack I am in the middle of.

If that does not work, as you mentioned, feel free to allow him to move out.

Purchase price: $115,000 Cash invested: $60,000 Sale price: $235,000 2/1 Single-Family Investment PropertyLocated in an area primed for revitalization, I purchased this 1915 home for $120k, with an “as-is” appraisal of $186k.