Quickbooks is another platform which has a high learning curve and isn't necessarily meant for REI.

It sounds like you are talking about the passive with active participation category.Publication 925 is a good place to start to get an understanding of what is meant by "active participation".

So they probably won’t give you a loan if they think it is meant to be your primary residence.6. 

A wise way to do business is to have the person you do not know what they meant, tell You specifically what they meant.

Yes, Permitting does take time, depends on the city - anywhere from 3 to 6 months and plus development time5 & 6 - ADUs are not meant for every buyer.

I meant you need to take care of that issue.

> 600 a month in maintenance and cap ex is pretty aggressiveI suspect you meant conservative.  

I am planning on house hacking my two rooms as soon as I can so that I can make use of those two vacant rooms I have.In regard to the Homestead Exemption, I meant to say that if I decide to write-off expenses for tax purposes, I'd lose the exemption since I cannot have my primary residence as an investment property at the same time.

it's possible that what they meant is that they want you to show that you're well capitalized - for example, you produce a bank statement showing you have adequate reserves. 

What I meant by surrendering is taking your funds out of the annuity to be used for some other investment.