@Rick Albert   I may get a lot of push back from the team but I split my utilities on my ADU the conventional way....each dwelling has its own meter for water, electric and gas. 

The city screwed up and liened Direct Charges on the common area which has an assessed value placeholder of $1. 

You will truly be raising the clock, as each day will cost you very significant money.  12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA). 

Hi Brett, I would opt to utilize a HELOC. 

Similarly in real estate, there are common ways of buying investment properties where banks have underwriting guidelines to reduce their risk but it also slows down an investor's growth, such as seasoning periods.

This is Occupancy Fraud, a very common type of mortgage fraud. 

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

@Vivian Yip  We just use a very generous utility cap. 

A famous quote: Do unto others as you would have them do unto you” is commonly known as The Golden Rule.

As far as appreciation, and someone can correct me if Im wrong but looking at all the common markets over an 8 year span, its about the same for all of them.