Due to this, we have been investigating the possibility of purchasing land and using an owner-occupied construction loan to build a new property.

Does anyone know of a financing option for somebody that wants to build an ADU on an existing property?

I live in Miami and do deals in only Miami dade and Broward. have done hundreds of transactions down here and currently working on 14 projects from fix and flips to new builds and some land entitlement projects  look us up on IG @ Prophunters_

It sounds like you're off to a good start and I think putting together 2-3 rentals in Colorado by 2026 is certainly doable/attainable. 

In PA this does not go to an overage fund or surplus proceeds fund.. instead.. in an upset sale any amount bid over the minimum starting bid in the Upset Sale will be applied to liens against the property in order of position… since the min bid includes all municipal, back taxes and county liens.. then would it be correct to stated that this extra 10k would go toward the remaining Morgage amount (if applicable) IRS liens, cigarette and sales tax liens etc..? 

Is there anyone familiar with the building codes to see if its possible for me to build a multi unit home with this loan?

subscribe for the trials to the software and play around. but also build your network. 

Also, plan is to subdivide the land and build.

I tried to connect with you for advice on my build but looks like you're off the grid.

I'm now down on the Central Coast (SLO County).I'm doing two things... investing in the midwest and building an ADU here at my primary (almost complete!).