Of all the coastal States (Cali, Florida, Oregon) I've lived and invested in, by far the lowest carrying costs are in the latter. 

This would cost 10-12k and 2-3 months to complete2.

We welcome any suggestions or insights you may have.Additionally, if anyone has information on the approximate cost of building a duplex and triplex in California, we would greatly appreciate your input.To provide context, neighboring properties in the area we bought offer insights into the local housing market.

If you truly need to refinance, you may want to look into a bridge cash out loan and have the permit cost as the budget + any other rehab you still may need to do to get this fully permitted.

My main concern is the limited cash I have available for the down payment and renovation costs.

It lets you borrow against that equity to help finance a down payment or closing costs.

Words are weapons, contrary opinions and words cause physical and mental abuse that should be responded to with force, need authority to step in to solve problems, everyone needs protection, trust emotions over reason, avoid bad experiences at all costs, the world is black and white battle between good people and evil people (there is no middle ground), etc.

@Garrett BowserAgree with Wayne as it will increase his insurance and bond costs for having this project on the books along with the liability.I would guess 3-5% of project costs.

But that is in line.As mentioned, the cost of finding a new renter for $100 makes zero economic sense. 

They have a report bills to credit angle.What will happen is that instead of you paying your bills directly, you pay tomo and they pay your bills and depending on how much you decide to pay them monthly they will report 1000 - 10000 in a type of credit line to credit reporting bureaus.There are a lot of these report bills to credit services available these days and most cost less than Tomo...Tomo Boost is the only one I mention because they can back up to 24 months... so if you've paying your cell, or Netflix or Electric Bill... literally any bill... they can back date up to 24 months.So... if you do both Tomo and Rent Reporters... inside of 30 Days you would have 2 accounts over 2 years old and your credit would be in a much better position for applying for a mortgageOne other thing that is worth mentioning is that INCOME is MUCH more important than credit when applying for a mortgage.