Well said Jordan, it's not as common in this market to have an ADU but there are some out there.

It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation and down payment on another rental. 

I'm still awaiting receipt of November's rent from Wake County Housing Authority for a property in Raleigh, NC - that I manage on behalf of a client, who I aided in buying the property as his Realtor. 

This is neither good nor bad; and many times can be profitable if they are a legitimate wholesaler with a real track record of wholesaling.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Banning.

We invest in the same neighborhoods.

Get something he can live in for free.

If not cured, it’s my understanding they are then in default.

@Carl Trube You would have to live in it as your primary for at least a year if you assume the loan.

With all 3 mortgages in place it would have been a break even scenario.