It's a safely issue for us, as we live in another unit in the house. 

I am more in my BRRR phase so lower purchase price with a decent fix it but I would safely say prob still 70-80k loan price total.I have also been paying $885 - $1,000 for appraisals which just seems very high to me. 

If this is the case for heloc’s then it’s safe to say this could also be tested for first position liens.

And then of course you'll unload everything and store in a safe place, right?

It is just more safe.

Sb13 gave legal standing for safe unpermitted units for 5 years.  

Used to be that the subject to buyer was safe from litigation because he never ASSUMED the note.  

Super higher leverage that the purchase can't be approved by agency loan.In all practicallity , the era of 2016-2020 by aggregate should only produce 7-8% IRR if one correctly and conservatively.They targeted the naives investor in biggerpocket that lacks basic real estate valuation.The real problem is really the era of 2015-2020 where folks are treating CRE just like OTCBB pink stock and promoting it as a safe haven.

Do you have heat, water, stove/oven that work, a safe unit?  

Nowhere is safe.  50 years from now short term rentals in residentially zoned areas will not exist.