According to the previous property manager and my agent taking a quick look at the comps in the area, I could be buying this property with a fair amount of built-in equity. 

We moved out in 2022 and are renting the home on a long-term lease and renting the ADU on short and midterm the Home currently cash flows net of all expenses around $8000 a year and the home currently has around $400,000 in equity.

This leaves us with around 100k plus in equity.

But what people are missing is when you invest in T-Bills you're getting that up to 52-week exposure(net taxes), you're not getting truly a long-term hard asset.I'm significantly more confident in investing in equities or real estate for the long term than treasuries.

However, if the upfront cost comes out to $300/sq ft yet the closet comparable is going for $325 sq ft, can the appraiser give you that immediate bump in equity? 

We have 100-150K in equity in this home.

You will need to put down 20-25% in equity on this deal.  

@Jaron Walling, I don't use any "bad debt" like credit cards and you use a cash-out refi to UNLOCK equity, not to lock-in equity.

If you refinanced into a DSCR pulling out as much equity as possible, your cash flow would drop to almost 0 but you would still have ~$250,000 in equity stuck in the property so your return on equity is still bad. 2.

. $30k in equity!