This is a "me" assumption: I assuming that I made a mistake somewhere in my analysis, so please feel free to show me. :) I learn a lot more from my mistakes than what I (very occasionally) get right on the first pass.

If you need more guidance, feel free to DM me, and I’ll help point you in the right direction!

If you need any help or have any questions, feel free to reach out!

If he doesn't need the cash now, you could also negotiate a split you're comfortable with to get him the return you and he feel he should have at the point you refi when the balloon payment comes due. 

@Richard Bautista your gut is serving you well, saying something feels off here. 

Susan - I feel your pain!

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.

Feel like there's more going on in ADU land.

Keep learning, stay focused, and don't hesitate to reach out if you have more questions or need further guidance.Good luck on your real estate investing journey If you have any more questions or need specific advice, feel free to ask.

I don't think the LVP will feel right with carpet underneath and it's not a sound installation practice to have that buffer layer there.