Duplex can always add additional units via the ADU laws. 8) Related to the value added by the ADU, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

@Cody TuathaDe, you might not have seen the conversation started by @Alonso NoriegaMy suggestion is that you get a HELOC or a fixed rate second mortgage on your property before you move out, so you garner the benefits of owner occupied rates.  

Cash-out at 80% is not the norm but it does exist.  75% is more of a standard and some lenders even are holding to 70%. 

I'm curious how the state views this process when a mortgage is in place.Lets say for example I'm the bank, and the borrower stopped paying both ME and the state Taxes...How is it handled if YOU buy the tax certificate/lien and later I have to foreclose on the property to protect the money I lent?

We have had some issues with getting insurance for the Florida properties in the LLC and also related issue with the Mortgage (which is in our name).When our lawyer requested EINs for the LLCs we were informed by the IRS that we need to file a 1065 for each of the LLCs.Our structure is that the LLCs are owned by the two Trusts (50%) in each of our names.

For getting equity out of your current primary residence without affecting your current mortgage, you can use a HELOC or HELOAN that will go up to 90% LTV.

Here is the rundown...Prop 1: condo.. after selling it, should clear 360KProp 2: SFH.. after selling it, should clear 750k (after paying off 95k mortgage)Prop 3: their multi-family, we would keep and after renting out their apt, it would be able to contribute to their ALF. 

Our home and the extra lot are listed on the deed and under one mortgage.

If you wish to get licensed in every state to act as a lender, go ahead but the cost to do that is extraordinary so you would need to spend money on that and getting proper insurance since you are essentially issuing a mortgage. 

Here are a few strategies you might consider:House hacking is the practice of residing in one unit of a multi-unit building while renting out the others in order to pay off your mortgage or bring in extra cash.