Very rarely a rehab goes as planned , something unknown comes up and the contractor will call you and tell you the problem and the additional cost . 

Once you move into 5 units you are financing a commercial property and would be looking at local banks/credit unions.

Mortgage all in was $1300Mortgage for Apr 2024-Apr 2025 w/ additional escrow coverage = $2150.  

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

BUT, just supposing we could afford the house...I'm wondering how I get extra money on my loan to do put in the additional kitchenette and move the laundry room.

We have a line of credit that funds the rehab costs.  1, Form an LLC if you have not already. 2,Track all of your expenses accurately.  3,Talk to a CPA about what you need to track and how (Ex:  new appliances for a home are taxed differently than flooring or paint, insurance, Mileage, disposables, tools, etc.) 

But, the point is you want to understand the rates/terms of the loan you are using to make sure that you are not paying a lot of additional costs or pre-payment required to get the cash out a few months early. it may very well be worth it but you want to compare apples to apples. 

But now he is staying so we decided to play the cat card, and told him that per his lease pets not allowed and if he would like to keep it we will need to amend his lease to include additional $100 pet rent plus collect additional security deposit.

We have an investment property in old town Roseville. 2 houses on 1 lot. 2 bed 1.5 bath 912sq ft permitted and approx 120sq ft not permitted addition.

I am paying off a small LOC and 0% credit cards from the last property - this will take a few months.