On my property itself, my interest rate was so low that the tax returns at the end of the year and only getting 25%ish of it back (my tax bracket) was not extremely interesting; it was a no-brainer for me to contribute extra cash toward the note and aim for getting the HELOC.

Not interested in a no-money-down strategy as I am looking to REPLACE my income as fast as possible so I'm willing to put a little skin in the game.  

Keep in mind that, like a "no-point" loan, the interest rate will be higher than if you obtain a loan that has costs associated with it.noteA legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.note rateThe interest rate stated on a mortgage note.notice of defaultA formal written notice to a borrower that a default has occurred and that legal action may be taken.original principal balanceThe total amount of principal owed on a mortgage before any payments are made.origination feeOn a government loan the loan origination fee is one percent of the loan amount, but additional points may be charged which are called "discount points."

That sale might qualify for tax free treatment with no 1031 needed which would make the decision a no brainer.

To me, it sounds like a no-brainer but I am also new to REI.

Just hypothetical numbers, but if it supports the payment with income producing property and gives you cash flow, it's a no brainer.  

Lima One Capital has advertised a no seasoning product in the past, as has Visio Financial Services. 

  $410 / month in cash flow on a "no-money down" deal is fantastic in my opinion. 

And about $500/sq' is about what I have budgeted, which still makes this a no brainer.Contractors I've been speaking to have told me that ADU permits in the city are taking 12 to 18 months to get approved.

Don't waste your time trying to convince any community owner or PM that has a no renter policy to change.