Question: If the space was permitted as a MIL does it need to be a permitted ADU to be rented to non-family? 

If the condo was converted with a non-eviction plan then many of the sponsor owned units could be occupied by rent regulated tenants.

Wasn't looking at Linn County in particular, but Brookfield isn't a bad town.

@james masotti  It's so funny that you say that because we were just talking about the market turn yesterday at my local reia meeting and I was explaining like it is at  Its peak and about to turn so my plan is to flip this particular property as soon as possible just to create enough capital to then invest in a multi families because at least by doing that Having flow every month it will supplement the Down turn Because in my market that's pretty much what does make sense And yes it's a pretty nice area but I gotta say the deal is good due to the fact that we got a distressed property owner so it almost just fell into our laps 98 % hard work and positivity 2 % luck lol 

Another option is to attempt to create losses in your rental properties (particularly if you are classified as a real estate professional). 

Palm Springs is also touristy with the town being much more desirable in the non-summer months.

Of course any particular year may be better, though you always have taxes, insurance and usually a few other expenses. 

I'd clean non carpet floors with the TSP as well.

You are not spending the money this way, you are using it.Multiple uses, but a one time cost, makes the interest rate a non-factor...so long as the first investment covers the expense of its use.

You will need to go with non-conventional financing.These are known as commercial/portfolio lenders.They underwrite based on the property and deal itself.