Yes, you both will be on the loan and it would increase your buying power.

For example, all the tickets I got until I got my US license never resulted in “points” nor increase in insurance premiumI feel like an eviction record without SSN may not mean anything to them

The builder construction cost for materials has increased by 33% from June 2023 to January/February 2024?

It's a great time to be in development, not necessarily AirBnB in CA due to the ever-increasing restrictions and fire hazard severity zones - but that's still something great to have experience with.

My interest rate on the home I pulled the HELOC from is 2.75%, so I don’t want to refinance it because I won’t get that rate again and I would like to avoid my mortgage increasing in both properties if possible.

The private lender financing at a 4.75% interest rate is favorable, and the property has good potential for appreciation in the future.While the monthly mortgage payment may cut into your cash flow in the short term, the opportunity to increase the cash on cash return to 3.1% over the 12-year term is promising.

Also there is ability to increase rents by 30%.

If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.

We thought this would be great because he already has a rapport with the current tenants and we don't want to make major changes since we will be soon increasing the rents after some capital upgrades. 

HB262 states:"An Act relating to increases in rent for dwelling units; and providing for an effective date."