I believe we have to draft the purchase agreement for each properties, draft the deed for each and get it signed from our friend, and then record the deed with the county clerks office, pay realty transfer fee.we will also adjust the final amount for the the prop rated rent, city and county taxes, etc.

I was quoted a few months back so I'm sure the rates have adjusted + my credit score took a bit of a dip with the recent purchase. https://montecito.bank/

@Kat He Anything is possible im appraisals is what ive learned over the years working at my appraisal firm. the appraiser can treat it as an amenity but it would likely be very hard to find comps or he could treat it as an extra bedroom/den/office and do a single line adjustment for the functional obsolescence of it being outside of your actual unit.

Had storm damage got a contractor in he quit hired a sub contractor to finish he is about 75 to 80 percent done an he is a no show will take calls or texts I was forced to move in insuranxe no longer would pay his completion date he verbaliRd to myself my adjuster an attorney was may 31 he did not make that date an infact had extension to June 6th an house still not completed as agreed on he also has left a big mess of construction debre on my property , I was to sell home as per divorce decree an this is seriously affecting my ability to move forward .

If the rent comps don’t support it then I would need to adjust price accordingly or walk.

Type of financing sought: Given the time constraints, I am at a point now where I'm open to virtually any type of conventional fixed or adjustable, private, or hard within reason. 

when you split that lot off you will be adjusting the basis between the SFR and the lot. 

@Mike Franco a private lender will offer 30 year products (fixed or adjustable) with 20-25% downpayment.

This allows you to pay for the value adds, make rent adjustments and decrease expenses in a favorable timeframe. 

Some adjustments where made and when I sold my condo a while back, the re-sale on that sale showed two parking spaces.